Self management of natural resources has started to gain increasing attention as an alternative tool to command-and-control and market-based tools, but the fundamental question remains: is self management economically beneficial such that it should be promoted in the first place? This article...

Replaced with revised version of paper 07/28/05.

Agriculture conventionally supplies food, fiber and fuel that consumers can purchase through the market. With the right incentives, farmers can also provide ecosystem services such as wildlife habitat, climate regulation, surface water flows and waste absorption and breakdown. Such incentives...