One the basis of our findings, we propose that the Chinese authorities should make it explicit that the ban is indefinite, and that they take steps to indicate, monitor and communicate progress.
By doing this, they will signal credibility, preventing speculators from starting to believe that the regulators are not serious about shutting down the market.
If demand is shifting downwards, it makes sense for private speculators to sell now.
Disincentivizing poaching We concluded that the ban will only be effective if it is indefinite.
However, it did not explicitly indicate how long the ban would be in place for.
Poaching Research Paper
With the potential stockpiling in mind, we proposed to use game theory to understand what the optimal strategic responses from the authorities might be.In the course of conducting research into natural resource governance, I started to see the devastation of elephants through poaching, habitat contraction and fragmentation, and other factors.Because the ivory trade is a predominantly clandestine activity, little reliable data is available to help us ascertain how prices are formed.By Ross Harvey, MPhil Elephants in the wild are under serious threat: Save the Elephants estimates that 100,000 elephants were killed for their ivory in Africa between 20.Elephants are part of our global heritage that should be stewarded for future generations, but they are not to be fenced off in “fortress conservation” efforts; we must find ways of co-existing with elephants in a way that serves communities in Africa – and the elephants themselves.One way to mitigate the risk elephants are facing due to demand for their ivory is to reduce that demand – such campaigns are crucial in the fight against poaching, and domestic ivory trade bans can complement these campaigns.At the South African Institute of International Affairs, we promoted the indefinite imposition of a domestic ivory trade ban in the run-up to the 17th Conference of the Parties (Co P17) of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) 2016."It shows that it is still possible to publish new scientific descriptions without including the location data.We argue that researchers are best placed to judge the risk to a species, so author self-censorship may currently be the best option to stop this crucial information getting used for the wrong reasons."The paper was published in the journal Science.Seeing this, wholesale speculators might respond by dumping their stock in turn.Ultimately, end consumer behavior matters for influencing how speculators strategize.