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...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2018/02/12
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Рабочий документ в рамках исследования вопросов политики
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WPS8335
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1
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1
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2018/02/12
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Disclosed
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The price elasticity of African elephant poaching
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financial cost
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Официальная версия документа (может содержать подписи, и т.д.)