Moriwaki divisors and the augmented base loci of divisors on the moduli space of curves

We study the cone of Moriwaki divisors on \bar{M}_g by means of augmented base loci. Using a result of Moriwaki, we prove that an R-divisor D satisfies the strict Moriwaki inequalities if and only if the augmented base locus of D is contained in the boundary of \bar{M}_g. Then we draw some interesting consequences on the Zariski decomposition of divisors on \bar{M}_g, on the minimal model program of \bar{M}_g and on the log canonical models \bar{M}_g(\alpha).