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How a legal ivory sale increased smuggling and elephant poaching

Ivory is stacked in large piles to burn. A new paper shows that the production of black market elephant ivory expanded by an estimated 66 percent following a one-time legal sale in 2008. Photo by Mia Collis for the Kenya Wildlife Service Each month, the NBER Digest summarizes several recent NBER working papers. These papers have not been peer-reviewed, but are circulated by their authors for comment and discussion.
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