The dynamics of avicultural markets
نویسنده
چکیده
Trade restrictions stemming from the Convention on International Trade in Endangered Species (CITES) have created a situation in which rare and attractive bird species command high prices on international pet markets. Most of these species are of tropical or subtropical origin, and many are amenable to captive breeding. Hence, the possibility of exporting birds under CITES provisions for the export of captiveraised animals is under debate in many countries around the world. If export bans are replaced by systems of export permits, the economics of avicultural markets will govern the magnitude, timing, and nature of the impacts of the bird trade. Avicultural economics, however, is little studied, and the long-term economic viabilities of exotic pet markets are poorly understood. In order to elucidate these, a dynamic model of an avicultural market was constructed, based on descriptive information. Model simulations showed that the high prices commanded by sought-after bird species tended to bring about oversupply and rapid price decline. Short-lived, fecund species produced a rapid, sharp pulse of oversupply; longer-lived species produced more persistent but less acute conditions of oversupply. The present high prices for protected bird species may be regarded as a potential source of windfall profits, or as a factor that might be manipulated to discourage the poaching and smuggling of wild birds. If export-oriented aviculture is considered as a component of strategies for diversification of agriculture and promotion of sustainable development, it is important that decision-makers factor in the likelihood of significant declines in bird prices and that they consider the risk of accidental species introductions that is inherent in holding large exotic-bird populations.
منابع مشابه
A framework for Measuring the Dynamics Connections of Volatility in Oil and Financial Markets
Investigating connections between financial and oil markets is important for investors and policy makers. This knowledge allows for appropriate decision making. In this paper, we measure the dynamic connections of selected stock markets in the Middle East with oil markets, gold, dollar index and euro-dollar and pound-dollar exchange rates during the period February 2007 to August 2019 in networ...
متن کاملDynamics of Innovation and Governance Of Economic Growth
Innovation ability plays an important role in economic growth not only in under- developed countries, but also in developed countries, especially when markets are in recession. In this paper, we analyzed changes in major developments in the context of innovation capacity and the causality relation between innovation and its sources through an empirical study based on the automotive subcontracto...
متن کاملEstimating the Dynamics of Information Risk at the Tehran Stock Exchange
The aim of this study is to investigate the dynamics of information risk at the Tehran Stock Exchange (TSE). We estimated the daily probability of information based trade (PIN) for 22 stocks from 11 different industries of TSE over 4 years. The total average of the daily PIN for all stocks was 27% from 2013 to 2016. The lowest and the highest average of PIN estimates for individual stocks are 2...
متن کاملPrice Transmission, Threshold Behavior and Asymmetric Adjustment in Iranian Poultry Market
The Iranian poultry sector has experienced many significant structural changes in recent years. Such changes may have influenced price dynamics and transmission of shocks through marketing channels especially on retail markets. This paper investigate price transmission, threshold behavior and asymmetric adjustment in poultry sector of Ardebil (AR), east Azerbaijan (EA) and west Azerbaijan (WA) ...
متن کاملUsing the Theory of Network in Finance
It is very important for managers, investors and financial policy-makers to detect and analyze factors affecting financial markets to obtain optimal decision and reduce risks. The importance of market analysis and attempt to improve its behavior understanding, has led analysts to use the experiences of other professionals in the fields such as social sciences and mathematics to examine the inte...
متن کامل