To prevent the illegal trade in wild species, stock management is critical given stocks function as a buffer to supply chains during lean periods or as a mechanism for market speculation. The Madagascar government with backing by the World Bank recently promoted the sale of confiscated rosewood to reach a zero‐stocks situation. To better assess options, we contrast the risks and rewards of four stock management options. Stock destruction broadcasts a potent conservation message, but provides little economic benefit. National trade can be beneficial to local socioeconomic development goals, but can lead to laundering of illegal products. International trade is fraught with risks related to illegal trade and is perceived to achieve the least related to forest and socioeconomic indicators. Lastly, banking stocks act to postpone decisions. No management option ensures a sustainable solution, but critical analyses allow better insight to the strengths and weaknesses of the available approaches.

中文翻译：

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房间里的大象：马达加斯加的紫檀木库存

为了防止野生物种的非法贸易，鉴于种群在稀少时期起到缓冲供应链或市场投机的作用，因此种群管理至关重要。马达加斯加政府在世界银行的支持下，最近促进了没收红木的销售，以达到零库存状态。为了更好地评估期权，我们对比了四种股票管理期权的风险和收益。销毁种群传播了强有力的保护信息，但几乎没有经济利益。国家贸易可能有益于当地的社会经济发展目标，但可能导致对非法产品的洗钱。国际贸易充满了与非法贸易有关的风险，并被认为与森林和社会经济指标的关系最小。最后，银行股会推迟决策。