MORE SOCIAL CAPITAL, LESS EROSION: EVIDENCE FROM PERU'S ALTIPLANO
The debate over sustainable intensification has hinged on private incentives to abate land degradation. Largely missing is the role of social capital in both creating incentives and removing barriers to soil conservation. Yet soil conservation embodies the externality problem that bedevils so many aspects of natural resource management. Action by one farmer to reduce water or wind erosion may benefit neighboring fields by slowing the rate of water or wind movement across those lands. Yet these benefits are not fully captured by the farmer making the conservation investment.