摘要:Ecotourism, bioprospecting and non-timber product marketing have been promoted recently as market-based instruments for environment protection, but without sound understanding of the resulting net conservation effects. We present evidence on the local conservation effects of recent argan oil commercialization in Morocco, which seems a promising case study in conservation through resource commercialization. Our empirical analysis shows, however, that resource commercialization is not creating strong net conservation incentives because assumptions implicit in the prevailing logic prove incorrect in this case. Generally, the experience of southwestern Morocco provides a cautionary tale about the assumed efficacy of conservation strategies founded on resource commercialization.