Question

In: Economics

What are the CONS/disadvantages (if any) for the solution of decreasing demand for rhino horn for...

What are the CONS/disadvantages (if any) for the solution of decreasing demand for rhino horn for each stakeholder:
-National government
-Crime bosses
-Middleman
-Poachers
-Consumers-medicinal
-Consumers-status
-Park guards
-NGO workers
-Transit systems
-Local people/communities
-Local government officials
-Hunters
-Restaurants
-Shop/market vendors
-Cultural practitioners
-Celebrities
-Citizens
-Reporters
-Future generations
-Tourists
-Animal/Plants/Biodiversity
-Tech companies

Solutions

Expert Solution

-National government - Increased expenditure on Forest Guards and Public Awareness campaign to decrease demand for Rhino horn.

-Crime bosses - Decreased earning due to decrease in demand of Rhino horns and increased expenditure and risk involved with poaching due to increased public awareness and government action.

-Middleman - Increased risk of imprisonment and reduced earning.

-Poachers - Increased risk of imprisonment and reduced demand for their services.

-Consumers-medicinal - Scarcity of medicines that use Rhino horns, thus increased expenditure to secure these rare medicines.

-Consumers-status - Increased expenditure to purchase the luxurious decorative items made of Rhino Horns due to scarcity, as well as fall in status as now they are involved in the illegal activity of purchasing Rhino horns and people are aware of the crime due to government awareness campaigns.

-Park guards - Increased work hours and vigilance.

-NGO workers - Increased work hours and vigilance.

-Transit systems - Fall in demand for transit systems used to ferry Rhino Horns.

-Local people/communities - Fall in business earnings as externals visiting the areas to poach as well as trade in Rhino horns will leave.

-Local government officials - Increased spending on Park Rangers and increased work hours.

-Hunters - Increased risk and involvement in illegal activity.

-Restaurants - Fall in demand due to reduced earning.

-Shop/market vendors - Fall in demand due to reduced earning.

-Cultural practitioners - Lack of Rhino horns available for their practice.

-Celebrities - Cannot purchase Rhino horns or related products.

-Citizens - Cannot purchase Rhino horns or related products.

-Reporters - Increased work hours covering poaching and creating awareness.

-Future generations - Cannot use Rhino horns.

-Tourists - Cannot use Rhino horns.

-Animal/Plants/Biodiversity - Increase in the number of Rhinos.

-Tech companies - Falling incomes casing reduced demands.


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