Transaction cost measurement for the evaluation of the regulation of live wildlife trade in South Africa
Although South Africa has in theory, an economic comparative advantage in the production of indigenous wildlife, the ability to capitalize on this advantage was originally initiated by an incisive policy that entrusted ownership of wildlife to private landowners. Since 1991, wildlife ranchers have continued to transform marginal land into thriving operations despite a largely unreceptive policy environment. Discrepancies that exist between provincial permit-award procedures, the conservation status of many indigenous species, and the degree to which translocation can occur not only generates ...
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