Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Prohibition and the Supply of Brazilian Mahogany

Prohibition and the Supply of Brazilian Mahogany Abstract: We use a unique data set to investigate the economic consequences of banning the harvest and trade of Brazilian mahogany. Because we find strong evidence that mahogany is smuggled out of Brazil as "other tropical species" through formal export mechanisms, we are able to construct a time series of quantities and implicit export prices covering both the periods before and after prohibition. Our finding suggests that a trade ban increases supply and makes the illegal good more affordable. Our analysis can offer important insights into other illegal markets, such as those for narcotics and products manufactured from endangered animal species. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

Prohibition and the Supply of Brazilian Mahogany

Land Economics , Volume 86 (1) – Apr 4, 2010

Loading next page...
 
/lp/university-of-wisconsin-press/prohibition-and-the-supply-of-brazilian-mahogany-0ru4ykaJKO
Publisher
University of Wisconsin Press
Copyright
Copyright © University of Wisconsin Press
ISSN
1543-8325
Publisher site
See Article on Publisher Site

Abstract

Abstract: We use a unique data set to investigate the economic consequences of banning the harvest and trade of Brazilian mahogany. Because we find strong evidence that mahogany is smuggled out of Brazil as "other tropical species" through formal export mechanisms, we are able to construct a time series of quantities and implicit export prices covering both the periods before and after prohibition. Our finding suggests that a trade ban increases supply and makes the illegal good more affordable. Our analysis can offer important insights into other illegal markets, such as those for narcotics and products manufactured from endangered animal species.

Journal

Land EconomicsUniversity of Wisconsin Press

Published: Apr 4, 2010

There are no references for this article.