The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such...

Market-based approaches to biodiversity conservation gained popularity in the 1990s. The success of these strategies hinges on, first, the successful creation or expansion of target markets and, second, the beneficial involvement of local stakeholders in these markets so that improved incentives...

This paper breaks new ground in the literature on bioprospecting by evaluating the local welfare effects associated with the successful bioprospecting-driven commercialization of argan oil in southwestern Morocco. The principal finding is that even when locals appear well-positioned to reap the...