On the one hand, the existence of initially captive consumers introduces an anti-competitive element: holding fixed the behavior of its rival, a firm with a larger captive segment enjoys a higher payoff from not investing at all.
Above this threshold, a firm is visible to all and the highest investment attracts all consumers. If both firms invest below a certain threshold, they only compete for those consumers already aware of their existence. Legalising rhino horn trade has been a hot button issue, with conservationist concerned that it could stimulate demand in Asia, while others argue it could raise funds that would help it to protect the species.We study a game in which two firms compete in quality to serve a market consisting of consumers with different initial consideration sets. On rhino horn and elephant ivory stockpiles, the panel recommended that the minister consult other countries in the Southern Africa bloc to determine under what conditions current ivory and rhino horn stockpiles can be disposed of. "Preventing the hunting of captive lions is in the interests of the authentic wild hunting industry, and will boost the hunting economy and our international reputation, and the jobs that this creates," she said. The panel could not reach consensus on how to tackle captive lion breeding, and only two thirds of its members supported these recommendations, according to the report.Ĭreecy stressed the measures were not aimed at the hunting industry. "I have requested the department to action this accordingly and ensure that the necessary consultation for implementation is conducted," she said at the panel's presentation, referring to recommendations on captive lions.Īmongst other measures, the ministry will now embark on a consultation process with various stakeholders and develop a policy on biodiversity conservation for cabinet approval. Barbara Creecy, Minister of Forestry, Fisheries and the Environment, responded to the report by saying the ministry would adopt all recommendations in the report which were supported by the majority of the 26-strong panel.
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