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by Majromax 1922 days ago
> What if the real value was paying poachers to not poach?

You wouldn't believe how many animals I haven't poached today. Where's my cheque?

Ultimately, you're describing Coasean bargaining (https://en.wikipedia.org/wiki/Coase_theorem). However, in this case there's a real problem of demonstrating commitment (preventing a poacher from betraying the deal) and more critically in induced demand; if I pay you not to poach then your neighbour might decide to enter the now-vacant industry themselves.

For Coasean bargaining to work, you need a very well-defined and well-enforced set of property rights, such that if the "legitimate" poachers refrain then nobody else can take up the slack. Since poaching is illegal to start with, this set of rights does not really exist.