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Debunking the myth that a legal trade will solve the rhino horn crisis: A system dynamics model for market demand

Author

Listed:
  • Douglas J. Crookes
  • James N. Blignaut
Abstract
There is considerable debate in the literature over whether or not to legalise the trade in rhino horns. Here a system dynamics model is developed that considers five components: rhino abundance, rhino demand, a price model, an income model and a supply model. The results indicate that income elasticities are much greater than previously observed, […]

Suggested Citation

  • Douglas J. Crookes & James N. Blignaut, 2015. "Debunking the myth that a legal trade will solve the rhino horn crisis: A system dynamics model for market demand," Working Papers 520, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:520
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    References listed on IDEAS

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    1. Lim Chong Yah, 2005. "Economic Theory And The East Asian Region," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 50(spec0), pages 495-512.
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    5. Weller, Florian & Cecchini, Lee-Anne & Shannon, Lynne & Sherley, Richard B. & Crawford, Robert J.M. & Altwegg, Res & Scott, Leanne & Stewart, Theodor & Jarre, Astrid, 2014. "A system dynamics approach to modelling multiple drivers of the African penguin population on Robben Island, South Africa," Ecological Modelling, Elsevier, vol. 277(C), pages 38-56.
    6. Allen, Douglas W, 2002. "The Rhino's Horn: Incomplete Property Rights and the Optimal Value of an Asset," The Journal of Legal Studies, University of Chicago Press, vol. 31(2), pages 339-358, June.
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    Citations

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    Cited by:

    1. Alan Collins & Caroline Cox & Juniours Marire, 2020. "On the judicial annulment of the ‘domestic’ trade moratorium in South African rhinoceros horn: a law and economics perspective," European Journal of Law and Economics, Springer, vol. 49(3), pages 361-372, June.
    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. Alan Collins & Caroline Cox & Juniours Marire, 0. "On the judicial annulment of the ‘domestic’ trade moratorium in South African rhinoceros horn: a law and economics perspective," European Journal of Law and Economics, Springer, vol. 0, pages 1-12.
    4. Harvey, Ross & Alden, Chris & Wu, Yu-Shan, 2017. "Speculating a Fire Sale: Options for Chinese Authorities in Implementing a Domestic Ivory Trade Ban," Ecological Economics, Elsevier, vol. 141(C), pages 22-31.
    5. Rubino, Elena C. & Pienaar, Elizabeth F. & Soto, José R., 2018. "Structuring Legal Trade in Rhino Horn to Incentivize the Participation of South African Private Landowners," Ecological Economics, Elsevier, vol. 154(C), pages 306-316.
    6. Timothy C Haas & Sam M Ferreira, 2016. "Combating Rhino Horn Trafficking: The Need to Disrupt Criminal Networks," PLOS ONE, Public Library of Science, vol. 11(11), pages 1-26, November.
    7. Siqing Shan & Xijie Ju & Yigang Wei & Xin Wen, 2022. "Concerned or Apathetic? Using Social Media Platform (Twitter) to Gauge the Public Awareness about Wildlife Conservation: A Case Study of the Illegal Rhino Trade," IJERPH, MDPI, vol. 19(11), pages 1-21, June.
    8. Dang Vu, Hoai Nam & Nielsen, Martin Reinhardt & Jacobsen, Jette Bredahl, 2022. "Conserving rhinos by legal trade: Insights from a choice experiment with rhino horn consumers," Ecological Economics, Elsevier, vol. 193(C).

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    More about this item

    Keywords

    Biodiversity conservation; Consumer Behavior; trade;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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