Preface -- Yemen: Qat and Water -- Arabia Felix -- A Parched Village -- A Legendary Dam -- Old City -- Roots of a Crisis -- Perverse Policies -- Dilemmas of Qat -- Excursions in History -- Markets for the Leaf -- In the Crux Who Pays? -- The Development Bargain -- Estonia: Shaping Freedom -- On...

This paper presents a somewhat novel approach to explore the economic contribution of ecosystems. It develops linked models to capture connections between resource stocks and flows and the resulting microeconomic and macroeconomic impacts. A bioeconomic model is developed that is imbedded into a...