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Wildlife Trade and Endangered Species Protection

Author

Listed:
  • Paul Missios

    (Department of Economics, Ryerson University, Toronto, Canada)

Abstract

Markets for endangered species potentially generate incentives for both legal supply and poaching. To deter poaching, governments can spend on enforcement or increase legal harvesting to reduce the return from poaching. A leader-follower commitment game is developed to examine these choices in the presence of illegal harvesting and the resulting impacts on species stocks. In addition, current trade restrictions imposed under CITES are examined. With Cournot conjectures among poachers, the model details the subgame perfect equilibrium interactions between poaching levels, enforcement and legal harvesting.

Suggested Citation

  • Paul Missios, 2013. "Wildlife Trade and Endangered Species Protection," Working Papers 056, Toronto Metropolitan University, Department of Economics.
    • Handle: RePEc:rye:wpaper:wp056
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    File URL: https://www.arts.ryerson.ca/economics/repec/pdfs/wp056.pdf
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Robert Innes & George Frisvold, 2009. "The Economics of Endangered Species," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 485-512, September.
    2. Lopes, Adrian A., 2019. "Transnational links in rhino poaching and the black-market price of rhino horns," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(1), January.
    3. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-479, June.
    4. Gary D. Libecap, 2013. "Addressing Global Environmental Externalities: Transaction Costs Considerations," NBER Working Papers 19501, National Bureau of Economic Research, Inc.

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    More about this item

    Keywords

    wildlife trade; endangered species; enforcement; deterrence; limited entry;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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