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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
Floodplain Conservation as a Flood Mitigation Strategy: Examining Costs and Benefits
Kousky, C. and M. Walls
Ecological Economics | 104 | pp. 119-128 | Related Discussion Paper 13-22-REV
 
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
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
DISCUSSION PAPERS
The Economics and Politics of “Green” Flood Control: A Historical Examination of Natural Valley Storage Protection by the Corps of Engineers
Carolyn Kousky
RFF Discussion Paper 14-07 | April 2014
 
Flooding and Resilience: Valuing Conservation Investments in a World with Climate Change
Carolyn Kousky, Margaret A. Walls, Ziyan Chu
RFF Discussion Paper 13-38 | December 2013
 
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
 
Floodplain Conservation as a Flood Mitigation Strategy: Examining Costs and Benefits
Carolyn Kousky, Margaret A. Walls
RFF Discussion Paper 13-22-REV | October 2013
Related journal article
 
Is What You See What You Get? The Value of Natural Landscape Views
Margaret A. Walls, Carolyn Kousky, Ziyan Chu
RFF Discussion Paper 13-25 | August 2013
 
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
Related journal article
 
Risk Premia and the Social Cost of Carbon: A Review
Carolyn Kousky, Robert E. Kopp, and Roger M. Cooke
Economics Discussion Paper No 2011-1 | June 21, 2011
 
Redistributional Effects of the National Flood Insurance Program
Okmyung Bin, John A. Bishop, Carolyn Kousky
RFF Discussion Paper 11-14 | March 2011
Related journal article
 
Risk Management Practices: Cross-Agency Comparisons with Minerals Management Service
P. Lynn Scarlett, Igor Linkov, Carolyn Kousky
RFF Discussion Paper 10-67 | January 2011
 
Managing the Risk of Natural Catastrophes: The Role and Functioning of State Insurance Programs
Carolyn Kousky
RFF Discussion Paper 10-30 | September 2010
Related journal article
 
Induced development in risky locations: fire suppression and land use in the American West
Carolyn Kousky, Sheila Olmstead
09/20/10
 
Responding to Threats of Climate Change Mega-Catastrophes
Carolyn Kousky, Olga Rostapshova, Michael A. Toman, Richard Zeckhauser
RFF Discussion Paper 09-45 | November 2009
 
The Unholy Trinity: Fat Tails, Tail Dependence, and Micro-Correlations
Carolyn Kousky, Roger M. Cooke
RFF Discussion Paper 09-36-REV | November 2009
 
More Than a Wing and a Prayer: Government Indemnification of the Commercial Space Launch Industry
Timothy J. Brennan, Carolyn Kousky, Molly K. Macauley
RFF Discussion Paper 09-38 | September 2009
Related journal article
 
Improving Flood Insurance and Flood Risk Management: Insights from St. Louis, Missouri
Carolyn Kousky, Howard Kunreuther
RFF Discussion Paper 09-07 | March 2009
Related journal article
 
Climate Change and Risk Management: Challenges for Insurance, Adaptation, and Loss Estimation
Carolyn Kousky, Roger M. Cooke
RFF Discussion Paper 09-03-REV | February 2009
 
  
NEWS
Is the U.S. National Flood Insurance Program Affordable?
Thursday, July 17, 2014
Science Daily
Should We Abandon Our Shorelines?
Tuesday, June 03, 2014
Pacific Standard
No easy fix on flood insurance, but options exist
Monday, March 24, 2014
Associated Press
View All Related News
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