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According to this article, "Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison" written by Scott Taylor, published in 2011 at the American Economic Review.
a) What is the innovation that in the author's view contributed to the Slaughter of the Plains Buffalo.
b) What are the estimates of the population of American buffalo in 1500, 1865, 1886? According to Figures 2 and 3, in which periods did U.S. exports of buffalo hides boom and decline, and in which periods did U.K. imports of buffalo hides boom and decline?
c) Taylor argues that three conditions are jointly necessary and sufficient to explain the time pattern of buffalo slaughter in the nineteenth century. What are these three conditions. Then, relax each condition at a time, and explain why the other two remaining ones are not adequate to explain the time pattern of buffalo destruction.
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