Density and Disasters : Economics of Urban Hazard Risk
Today, 370 million people live in cities
in earthquake prone areas and 310 million in cities with
high probability of tropical cyclones. By 2050, these
numbers are likely to more than double. Mortality risk
therefore is highly concentrated in many of the world s
cities and economic risk even more so. This paper discusses
what sets hazard risk in urban areas apart, provides
estimates of valuation of hazard risk, and discusses