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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.
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| Featured Publications | | 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 | | | | Informing Climate Adaptation: A Review of the Economic Costs of Natural Disasters, Their Determinants, and Risk Reduction Options | | Carolyn Kousky | | RFF Discussion Paper 12-28 | July 2012 | | | | 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 | | | | Using Natural Capital to Reduce Disaster Risk | | Carolyn Kousky | | Journal of Natural Resources Policy Research | Vol. 2, No. 4 | 343-356 | | | | Learning from Extreme Events: Risk Perceptions After the Flood | | Carolyn Kousky | | Land Economics | 2010 | Vol. 86, No. 3 | pp. 395-422 | | | | Improving Flood Insurance and Flood Risk Management: Insights from St. Louis, Missouri | | Kousky, C. and H. Kunreuther | | Natural Hazards Review | Vol. 11, No. 4 | pp. 162-172 | Related Discussion Paper 09-07 | | | | 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 | | | | Public-Private Co-Production of Risk: Government Indemnification of the Commercial Space Launch Industry | | Tim Brennan, Carolyn Kousky, and Molly Macauley | | Risk, Hazards & Crisis in Public Policy | 2010 | Vol. 1, Issue 1 | Article 7 | Related Discussion Paper 09-38 | | | | 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 |
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BOOKS AND BOOK CHAPTERS | | 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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| RELATED SUBTOPICS | | Climate Adaptation, Disasters, Ecosystem Management, Ecosystem Services, Extreme Events, Flooding, Green Infrastructure, Liability, Regulation, State and U.S. Regional Policies, Wildfire Management |
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