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Recovering Ex-situ Gemstones in African Countries: The Economic Man Versus the Police Man

Author

Listed:
  • Voxi Heinrich Amavilah

    (Glendale College)

Abstract

The illicit dealing in gemstones (including diamonds) is a fast growing activity in African countries which produce these minerals. Zaire and Angola are two extreme examples, but by no means exceptions. The preferred policy efforts to controlling the flow of illicit trade in gems have been legislative actions - the police man. However, the police man has invariably failed to do the intended job. As an alternative this analysis argues for an economic approach - the economic man. It suggests how good old economic concepts and principles may be used to price out of the market, and recover ex-situ gems from illicit traders with only little modification for local conditions. The conclusion is that even under a limited liberalization regime the economic man tends be more efficient and effective than the police man.

Suggested Citation

  • Voxi Heinrich Amavilah, 2003. "Recovering Ex-situ Gemstones in African Countries: The Economic Man Versus the Police Man," Industrial Organization 0307001, EconWPA.
  • Handle: RePEc:wpa:wuwpio:0307001
    Note: Type of Document - WordPerfect; prepared on IBM PC - PC; to print on HP/PostScript; pages: 22 ; figures: included. I never published this piece and now Iwould like to reduce mailing and xerox cost by posting it.
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    References listed on IDEAS

    as
    1. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
    2. Avinash Dixit, 1979. "Quality and Quantity Competition," Review of Economic Studies, Oxford University Press, vol. 46(4), pages 587-599.
    3. Beath,John & Katsoulacos,Yannis, 1991. "The Economic Theory of Product Differentiation," Cambridge Books, Cambridge University Press, number 9780521335263, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic pricing theory of illicit gemstones Africa economic man versus police man;

    JEL classification:

    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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