Working Paper

The Price Elasticity of African Elephant Poaching

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Do, Quy-Toan
dc.contributor.author
Levchenko, Andrei A.
dc.contributor.author
Ma, Lin
dc.contributor.author
Blanc, Julian
dc.contributor.author
Dublin, Holly
dc.contributor.author
Milliken, Tom
dc.date.accessioned
2018-02-16T21:14:14Z
dc.date.available
2018-02-16T21:14:14Z
dc.date.issued
2018-02
dc.date.lastModified
2021-06-14T10:10:06Z
dc.description.abstract
The objective of this paper is to provide an estimate of the elasticity of elephant poaching with respect to prices. Ivory being a storable commodity subjects its price to Hotelling’s no-arbitrage condition, hence allowing identification of the supply curve. The price of gold, one of many commodities used as stores of value, is thus used as an instrument for ivory prices. The supply of illegal ivory is found to be price-inelastic with an elasticity of 0.4, with changes in consumer prices passing-through to prices faced by producers at a rate close to unity. Estimations based on a number of alternative estimation approaches all confirm the conclusion that supply is inelastic. The paper ends with a brief discussion on what such finding implies for elephant conservation policies.
en
dc.identifier
http://documents.worldbank.org/curated/en/358291518460602605/The-price-elasticity-of-African-elephant-poaching
dc.identifier.uri
http://hdl.handle.net/10986/29369
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 8335
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ELEPHANTS
dc.subject
IVORY PRICE
dc.subject
POACHING
dc.subject
PRICE ELASTICITY
dc.subject
STORAGE
dc.subject
CONSERVATION
dc.title
The Price Elasticity of African Elephant Poaching
en
dc.type
Working Paper
en
okr.crossref.title
The Price Elasticity of African Elephant Poaching
okr.date.disclosure
2018-02-12
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/358291518460602605/The-price-elasticity-of-African-elephant-poaching
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-8335
okr.identifier.externaldocumentum
090224b0877141ef_3_0
okr.identifier.internaldocumentum
29585529
okr.identifier.report
WPS8335
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/358291518460602605/pdf/WPS8335.pdf
en
okr.region.administrative
Africa
okr.region.geographical
Sub-Saharan Africa
okr.statistics.dr
358291518460602605
okr.topic
Environment :: Ecosystems and Natural Habitats
okr.topic
Environment :: Environmental Economics & Policies
okr.topic
Environment :: Wildlife Resources
okr.topic
Macroeconomics and Economic Growth :: Commodities
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.unit
Poverty and Inequality Team, Development Research Group

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