Question

In: Economics

Some people argue that the only way to save rare species is to set up private...

Some people argue that the only way to save rare species is to set up private game reserves to which wealthy hunters can travel. How could this help save endangered species?

Solutions

Expert Solution

Erstwhile known as Trophy Hunting, people argue that there are economic & financial benefits of setting up such private game reserves.
In a different perspective, suppose there are bans to hunting wildlife,set by the government. This removes the economic value from wildlife and is thus neglected. On the other hand, hunting tourism/trophy hunting helps to bring wildlife a face value and thus people are now more concerned of nurturing it in private game reserves,albeit for profiting purposes. The only logical explanation of this theory is that if wildlife be considered a public good by the government, people find no value to help in the efforts of protecting it. On the other hand, if private game reserve owners be given individual authority and control over endangered species, suddenly the value of wildlife as a whole increases financially. Hunting, although seemingly counterintuitive to saving a species, rather does its part of helping protect it from extinction. Secondly, it also reduces illegal poaching and black market activities, considered a big threat to endangered species and their body parts.


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