Climate Change Adaptation: Lessons from Urban Economics

Matthew Kahn

No 20716, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: H41 Q5 R23 R3 (search for similar items in EconPapers)
Date: 2014-11
New Economics Papers: this item is included in nep-env, nep-res and nep-ure
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Published as Kahn, Matthew E., 2015. "Climate Change Adaptation: Lessons from Urban Economics," Strategic Behavior and the Environment, now publishers, vol. 5(1), pages 1-30, June.

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Journal Article: Climate Change Adaptation: Lessons from Urban Economics (2015)
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