The objective of this paper is to provide an estimate of the elasticity of elephant poaching with respect to prices. Ivory being a storable commodity subjects its price to Hotelling's no-arbitrage condition, hence allowing identification of the supply curve. The price of gold, one of many...

This paper analyzes the rise and demise of piracy off the coast of Somalia to highlight the interplay between public and private crime protection measures. Using unique data on attacks, hijacks, and ransoms, the authors estimate a structural model of Somali piracy to calculate the elasticity of...