- Title
- Issues and concerns in developing regulated markets for endangered species products: the case of rhinoceros horns
- Creator
- Collins, Alan, Fraser, Gavin C G, Snowball, Jeanette D
- Date
- 2015
- Type
- text
- Type
- article
- Identifier
- http://hdl.handle.net/10962/124877
- Identifier
- vital:35706
- Identifier
- https://doi.org/10.1093/cje/bev076
- Description
- A proposal for addressing rhinoceros poaching is to legalise the trade in rhino horn and adopt a regulated market approach, overturning the current trade ban. This orthodox economic prescription aims to reduce incentives to poach endangered wildlife by driving down the market price of their products via auctioned stockpile releases. Biologists are clear, however, that securing a stockpile for some species needs biological success in captive breeding programmes (CBPs), which varies markedly across species and habitats. Rhinoceros herds in a CBP would need spatially extensive terrain and costly permanent security measures; this only appears feasible for the less aggressive ‘white’ rhino. We argue that the market price would actually need to be sustained at a high level to cover protection costs over the longer reproduction cycles in CBPs and that, without extensive monitoring and the correct institutional structures being in place, legalising trade may encourage, rather than prevent, poaching. Supplementary policy measures that differentiate among consumer groups would also likely prove necessary.
- Format
- 18 pages, pdf
- Language
- English
- Relation
- Cambridge Journal of Economics, Collins, A., Fraser, G. and Snowball, J., 2015. Issues and concerns in developing regulated markets for endangered species products: the case of rhinoceros horns. Cambridge Journal of Economics, 40(6), pp.1669-1686, Cambridge Journal of Economics volume 40 number 6 1669 1686 2015 0309-166X
- Rights
- Cambridge Journal of Economics
- Rights
- Use of this resource is governed by the terms and conditions of the Oxford Academic Journals Oxford Open statement (https://academic.oup.com/journals/pages/open_access)
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Snowball, Jeanette D (Prof)
Fraser, Gavin (Prof)
RU Department of Economics and Economic History
SDG 08. Decent Work and Economic Growth
SDG 15. Life On Land
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