An Ivory-Tower Take on the Ivory Trade

Michael De Alessi

Econ Journal Watch, 2004, vol. 1, issue 1, 47-54

Abstract: Kremer and Morcom focus on how the price of ivory affects the incentive to poach elephants and how government policies can be developed to address this problem. Despite an ostensible emphasis on policy, however, the ‘state of the world’ that is assumed throughout the paper is so far removed from the real world of elephant conservation that the authors’ policy recommendations ring hollow. The exclusive focus on state intervention, as opposed to private action, is the ultimate failure of the Kremer-Morcom approach. The private approach, ignored by Kremer and Morcom, offers the greatest hope for elephant conservation—an approach that depends not in devaluing the animals under an open-access regime, but in making them more valuable under differing types of private ownership regimes.

Keywords: elephants; property rights; wildlife management; poaching; endangered species; ivory; extinction pressure; CITES; Endangered Species Act; Africa; storable goods (search for similar items in EconPapers)
JEL-codes: Q20 Q28 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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