Rapid urbanisation is taking place at an unprecedented rate throughout the world, with the rate of growth often outpacing urban planning and the capacity of city managers. As a result, existing natural areas within cities,which provide a range of benefits to urban dwellersare becoming smaller...

A near-catastrophic drought in Cape Town, South Africa illustrates three general implications of climate change for publicly-provided utility services. First, to reduce aggregate water demand, the public utility increased prices, leading to large demand reductions by richer households. Prior to...