Rhino poaching, property rights and the economics of trading horns
You might not think that rhino poaching is an economic issue. I do.
It's a classic example of what happens to a common access resources, in the absence of property rights. One of the proposed solutions is for existing rhino breeders to accept that a market for rhino horn exists and that one of the best ways of tackling poaching is by providing rhino horn via formal channels, and then using the proceeds to fund conservation.
Economics is influential, and offers solutions to many issues - and this is splendid example. Indeed, there have already been attempts to adopt innovative solutions to other forms of poaching, particularly elephants.
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