INTRODUCTION: Illegal trade of wildlife has been recognised as an important driver of biodiversity loss. In many quarters the use of legal markets has been presented as the best policy option for conservation, giving way to the economic analysis of wildlife trade and markets. This paper focuses on the analytical framework used in these analyses and on its deficiencies, both at the conceptual or theoretical level, as well as from an empirical point of view.

To view the report, A Review of the Economic Analysis of Wildlife Trade, click here.