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Carolyn Kousky
Fellow
202-328-5188
kousky@rff.org
RESEARCH TOPICS
 
PROFILE
Carolyn Kousky’s research focuses on natural resource management, decisionmaking under uncertainty, and individual and societal responses to natural disaster risk. She has examined how individuals learn about extreme event risk, the demand for natural disaster insurance, and policy responses to potential changes in extreme events with climate change. She is also interested in ecosystem services policy, and has examined the design of incentive-based mechanisms to supply ecosystem services and the use of natural capital to reduce vulnerability to weather-related disasters.
 
Featured Publications
Managing shoreline retreat: a US perspective
Carolyn Kousky
Climatic Change | March 2014
 
Does Federal Disaster Assistance Crowd Out Private Demand for Insurance?
Carolyn Kousky, Erwann O. Michel-Kerjan, and Paul Raschky
Risk Management and Decision Processes Center The Wharton School, University of Pennsylvania 2013-10 | October 2013
 
Informing Climate Adaptation: A Review of the Economic Costs of Natural Disasters Energy Economics
Carolyn Kousky
Energy Economics | Related Discussion Paper 12-28
 
Facts about FEMA Household Disaster Aid: Examining the 2008 Floods and Tornadoes in Missouri
Carolyn Kousky
Weather, Climate, and Society
 
Strategically Placing Green Infrastructure: Cost-Effective Land Conservation in the Floodplain
Kousky, C., S. M. Olmstead, M. A. Walls, and M. Macauley
Environmental Science & Technology | DOI: 10.1021/es303938c
 
Explaining the Failure to Insure Catastrophic Risks
Kousky, C. and R. Cooke
The Geneva Papers on Risk and Insurance - Issues and Practice | Vol. 37, No. 2 | 206-227
 
Redistributional Effects of the National Flood Insurance Program
Bin, O., Bishop, J., and C. Kousky
Public Finance Review | Vol. 40, No.3 | doi: 10.1177/1091142111432448 | 360-380 | Related Discussion Paper 11-14
 
Risk Premia and the Social Cost of Carbon: A Review
Kousky, C., Kopp, R. E., and R. M. Cooke
Economics: The Open-Access, Open-Assessment E-Journal | Vol. 5, 2011-21
 
Managing Natural Catastrophe Risk: State Insurance Programs in the United States
Carolyn Kousky
Review of Environmental Economics and Policy | doi: 10.1093/reep/req020 | Related Discussion Paper 10-30
 
Managing Dependencies in Forest Offset Projects: Toward a More Complete Evaluation of Reversal Risk
David M. Cooley, Christopher S. Galik, Thomas P. Holmes, Carolyn Kousky, Roger M. Cooke
Mitigation and Adaptation of Strategies for Global Change | 2012 | Vol. 17, No. 1 | pp. 17-24
 
Understanding the Demand for Flood Insurance
Carolyn Kousky
Natural Hazards Review | May 2011 | Vol. 12, No. 96
 
Learning from Extreme Events: Risk Perceptions After the Flood
Carolyn Kousky
Land Economics | 2010 | Vol. 86, No. 3 | pp. 395-422
 
Come Rain or Shine: Evidence on Flood Insurance Purchases in Florida
Erwann Michel-Kerjan and Carolyn Kousky
Journal of Risk and Insurance | 2010 | Vol. 77, No. 2 | pp. 369-397
 
Designing Payments for Ecosystem Services: Lessons from Previous Experience with Incentive-based Mechanisms
Jack, B. K., C. Kousky, and K. E. Sims
Proceedings of the National Academy of Sciences | 2008 | Vol. 105, No. 28 | pp. 9465-9470
 
Options Contracts for Contingent Takings
Kousky, C., S. Walsh, and R. Zeckhauser
Issues in Legal Scholarship | 2007 | Vol. 10
 
View All Related Publications
BOOKS AND BOOK CHAPTERS
The Value of Information in a Risk Management Approach to Climate Change
Carolyn Kousky and Roger Cooke
The Value of Information: Methodological Frontiers and New Applications in Environment and Health | R. Laxminarayan and M. K. Macauley, eds | New York City: Springer | 2012
 
Incorporating ecosystem services in decisions
McKenzie, E., Irwin, F., Ranganathan, J., Hanson, C., Kousky, C., Bennett, K., Ruffo, S., Conte, M., Salzman, J., Paavola, J.
Natural Capital: Theory and Practice of Mapping Ecosystem Services | Kareiva, P., Tallis, H., Ricketts, T. H., Daily, G. C, Polasky, S, eds | Oxford University Press | 2011
 
The Limits of Securitization: Micro-correlations, Fat Tails and Tail Dependence
C. Kousky and R.M. Cooke
Rethinking Risk Measurement and Reporting: Volume I | Klaus Boecker (ed) | London: Risk Books | 2011
 
Making the case for new empirical research in wildfire economics and policy
Carolyn Kousky, Sheila Olmstead, and Roger Sedjo
Dean Lueck and Karen Bradshaw | Washington, DC: Resources for the Future | 2011
 
Virgin Versus Experienced Risks
Kousky, C., J. Pratt, and R. Zeckhauser
The Irrational Economist: Making Decisions in a Dangerous World | E. Michel-Kerjan and P. Slovic | New York, NY: Public Affairs Books | 2010
 
The Five Neglects: Risks Gone Amiss
Berger, A., C. Brown, C. Kousky, and R. Zeckhauser
Learning from Catastrophes | H. Kunreuther and M. Useem | Upper Saddle River, New Jersey: Wharton School Publishing | 2010
 
Obstacles to Clear Thinking about Natural Disasters: Five Lessons for Policy
Berger, A., C. Kousky, and R. Zeckhauser
House and Home: Disasters, Cities, Public Policy | eds. J. M. Quigley and L. A. Rosenthal | Berkeley, CA: Berkeley Public Policy Press | 2008
 
Making Restoration Work: Financial Incentives
De Groot, R., M. De Wit, E. Gaddis, C. Kousky, W. McGhee, M. D. Young
Restoring Natural Capital: Science, Business and Practice | eds. J. Aronson, S. Milton, and J. Blignaut | Washington, D.C.: Island Press | 2007
 
JARring Actions That Fuel the Floods
Kousky, C. and R. Zeckhauser
On Risk and Disaster: Lessons from Hurricane Katrina | eds. R. J. Daniels, D. F. Kettl, and H. Kunreuther | Philadelphia: University of Pennsylvania Press | 2006
 
  
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