Incentives

Why does the market for black rhinos create incentives that are different than other markets?  How can these markets be changed?

The market for black rhinos is based on the value of the horn of the rhino.  Rhinos' horns can be approximately up to $30K.  This creates incentives for hunters to kill the rhinos, cut off their horns, and sell them in the black market.  Rhinos eventually became endangered.  Resources are scarce, so the value of the rhino's horns rose.  Government tried changing these incentives by hunting rhinos, cutting off their horns, and then releasing them into the wild once again, however, hunters still hunted the endangered species for their trunks carried some value.  These incentives are different than other markets because rhinos are public property, whereas in most markets, most property is private.  Thus, everyone can hunt them and no one has the incentive to take care and preserve the animals.  If rhinos were private property where only a limited number of people could own the animal, the owner would have the incentive to preserve the animal and breed it for future business.  If the animal becomes extinct, then the owner loses his business.  He has the incentive to kill while still preserving the animal.