1Economic Incentives and Wildlife Conservation

Wildlife exploitation and conservation involves various costs and benefits, which should all be taken into account to achieve an optimal outcome. For this to occur, it will be necessary to develop appropriate economic instruments and incentives. Examining the scope for his is the topic of the current study. The time and funds available to complete this paper were extremely limited, which effectively made it impossible to complete a thorough and detailed analysis. As a result, in the paper we focus on what can be learned from standard economics. The paper lacks the level of detail and data to provide guidance in many operational issues. Wildlife management poses a particular challenge to the global community because wildlife has an impact not only on people living in areas where wildlife is found, but also on people located considerable distances away. The problem is that the costs and benefits of wildlife exploitation facing “source ” states differ substantially from those faced by other countries. From an economist’s perspective, the main wildlife problem is that all too often many of the costs of harvesting wildlife are not appropriately taken into account. In particular, the values that wildlife such as elephants, tigers and rhinocero