International Journal of Social Science & Economic Research
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Title:
THE ECONOMICS OF ENDANGERED SPECIES REGULATION: A CASE STUDY OF RHINOCEROS PROTECTION AT NAIROBI NATIONAL PARK, KENYA

Authors:
MALANGENI HENRY MHLABANE

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MALANGENI HENRY MHLABANE
Jomo kenyatta university of agriculture and technology, Kenya

MLA 8
MHLABANE, MALANGENI HENRY. "THE ECONOMICS OF ENDANGERED SPECIES REGULATION: A CASE STUDY OF RHINOCEROS PROTECTION AT NAIROBI NATIONAL PARK, KENYA." Int. j. of Social Science and Economic Research, vol. 3, no. 9, Sept. 2018, pp. 5190-5251, ijsser.org/more2018.php?id=361. Accessed Sept. 2018.
APA
MHLABANE, M. (2018, September). THE ECONOMICS OF ENDANGERED SPECIES REGULATION: A CASE STUDY OF RHINOCEROS PROTECTION AT NAIROBI NATIONAL PARK, KENYA. Int. j. of Social Science and Economic Research, 3(9), 5190-5251. Retrieved from ijsser.org/more2018.php?id=361
Chicago
MHLABANE, MALANGENI HENRY. "THE ECONOMICS OF ENDANGERED SPECIES REGULATION: A CASE STUDY OF RHINOCEROS PROTECTION AT NAIROBI NATIONAL PARK, KENYA." Int. j. of Social Science and Economic Research 3, no. 9 (September 2018), 5190-5251. Accessed September, 2018. ijsser.org/more2018.php?id=361.

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Abstract:
The debate over regulation of endangered species is fraught with exaggeration and misunderstanding of the potential and actual economic benefit. The study aims to investigate if endangered wildlife species regulation was achieved at least loss of economic well-being (i.e. social benefits are more than social costs). The analyses first use the cost-benefit analysis model to calculate the net social benefit arising from protecting endangered species which can be due to households living adjacent to Nairobi National Park. It utilises the benefit transfer evaluation technique (unit value transfer) to achieve this. Secondly, because endangered species protection has impacts over extended period of time, the study make use of density-dependent model using rhinoceros population dynamics to inform on future timing to focus protection effort. The study determines the optimal population which can be accommodated without damaging the environment and ensure sustainability in regulating rhinoceros. The findings have far reaching consequences. Although the results indicate that protecting endangered species is a worthwhile endeavor and generate positive net social benefit if managed sustainably, it transpires that it is necessary to do more than just protecting the species. Harvesting plans need to be implemented to control further increases in rhinoceros population to avoid extinction probability and ensure that Nairobi National Park has a healthy productive population. In this study it is argued that protection efforts for rhinoceros at Nairobi National Park should be enforced until a sustainable population estimate of approximately ninety eight (98) species is reached, after which relaxing protection policy becomes necessary and morally justified in order to avoid greater suffering of endangered species and other creatures.