Related
![{file-name:attr_safe}](https://marroninstitute.nyu.edu/uploads/content/_1400_1084/Flyer_2_public.jpg)
Event
/ Mar 11,2023
NYU New Cities Conference
Innovative Approaches for Urban Transformation in the Global South
![pittsburgh.jpg](https://marroninstitute.nyu.edu/uploads/content/_1400_1084/pittsburgh.jpg)
Working Paper
/ Sep 29,2014
Cities and the Environment
by
Randall Walsh
In an urbanizing world economy featuring thousands of cities, households and firms have strong incentives to make locational investments and self protection choices to reduce their exposure to new climate change induced risks. This pursuit of self interest reduces the costs imposed by climate change. This paper develops a dynamic compensating differentials model to explore how the “menu” offered by a system of cities insures us against emerging risks. Insights from urban economics offer a series of testable hypotheses concerning the economic incidence of spatially tied climate change risk.
Tile image courtesy of Tom Giebel via Flickr.
Please fill out the information below to receive our e-newsletter(s).
*Indicates required.