Details about Wouter Botzen

Access statistics for papers by Wouter Botzen.

Last updated 2025-01-06. Update your information in the RePEc Author Service.

Short-id: pbo433

Working Papers

2024

1. Assessing the physical risks of climate change for the financial sector: a case study from Mexico's Central Bank
   Papers, arXiv.org
2. Urban and Non-Urban Contributions to the Social Cost of Carbon
   Working Paper Series, Department of Economics, University of Sussex Business School
   Also in Papers, arXiv.org (2024)

2023

3. Economic consequences of the spatial and temporal variability of climate change
   Papers, arXiv.org
   Also in Working Paper Series, Department of Economics, University of Sussex Business School
4. Insights into the complementarity of natural disaster insurance purchases and risk reduction behavior
   Post-Print, HAL

2022

5. The Intention-Behavior Gap in Climate Change Adaptation
   VfS Annual Conference 2022 (Basel): Big Data in Economics, Verein für Socialpolitik / German Economic Association
   Also in ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research (2022)

2021

6. AIRCC-Clim: a user-friendly tool for generating regional probabilistic climate change scenarios and risk measures
   Papers, arXiv.org
7. Risk Perception & Behaviour Survey of Surveyors. Risk-SoS 2020 Preliminary results
   Post-Print, HAL

2020

8. Default Options and Insurance Demand
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article Default options and insurance demand, Journal of Economic Behavior & Organization, Elsevier (2021) View citations (11) (2021)

2019

9. An experimental study of charity hazard: The effect of risky and ambiguous government compensation on flood insurance demand
   Working Papers, Utrecht School of Economics View citations (2)
   See also Journal Article An experimental study of charity hazard: The effect of risky and ambiguous government compensation on flood insurance demand, Journal of Risk and Uncertainty, Springer (2021) View citations (5) (2021)

2018

10. Economic Valuation of Green and Blue Nature in Cities: A Meta-Analysis
    Working Papers, Utrecht School of Economics View citations (2)
    See also Journal Article Economic valuation of green and blue nature in cities: A meta-analysis, Ecological Economics, Elsevier (2020) View citations (11) (2020)
11. Parallel tracks towards a global treaty on carbon pricing
    Working Papers, Institut d'Economia de Barcelona (IEB)

2017

12. The Impact of Natural Disasters on Firm Growth in Vietnam:: Interaction with Financial Constraints
    Working Papers, Utrecht School of Economics View citations (1)

2015

13. Novel and improved insurance instruments for risk reduction
    GRI Working Papers, Grantham Research Institute on Climate Change and the Environment View citations (3)
14. Reflections on the Current Debate on How to Link Flood Insurance and Disaster Risk Reduction in the European Union
    Working Papers, Fondazione Eni Enrico Mattei View citations (18)
    Also in GRI Working Papers, Grantham Research Institute on Climate Change and the Environment (2014) View citations (1)
    Climate Change and Sustainable Development, Fondazione Eni Enrico Mattei (FEEM) (2015) View citations (20)
    See also Journal Article Reflections on the current debate on how to link flood insurance and disaster risk reduction in the European Union, Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer (2015) View citations (20) (2015)

2006

15. Does the ECB respond to the stock market?
    Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics View citations (1)

Journal Articles

2025

1. Preferences for drought risk adaptation support in Kenya: Evidence from a discrete choice experiment and three decision-making theories
   Ecological Economics, 2025, 227, (C)

2024

2. All by myself? Testing descriptive social norm-nudges to increase flood preparedness among homeowners
   Behavioural Public Policy, 2024, 8, (1), 121-153
3. Drought risk attitudes in pastoral and agro-pastoral communities in Kenya
   Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2024, 108, (C) View citations (1)
4. Who bears the indirect costs of flood risk? An economy-wide assessment of different insurance systems in Europe under climate change
   Economic Systems Research, 2024, 36, (1), 131-160

2023

5. A Review of the Financial Sector Impacts of Risks Associated with Climate Change
   Annual Review of Resource Economics, 2023, 15, (1), 233-256 View citations (3)
6. A default nudge in waste management: assessing the impact of explicit consent for unaddressed mail
   Journal of Environmental Economics and Policy, 2023, 12, (4), 473-489 View citations (1)
7. Citizens' preferences and valuation of urban nature: Insights from two choice experiments
   Ecological Economics, 2023, 208, (C) View citations (3)
8. Drivers of migration intentions in coastal Vietnam under increased flood risk from sea level rise
   Climatic Change, 2023, 176, (2), 1-22 View citations (2)
9. Flood insurance is a driver of population growth in European floodplains
   Nature Communications, 2023, 14, (1), 1-14 View citations (1)
10. Lobbying, Time Preferences and Emission Tax Policy
    Economics of Disasters and Climate Change, 2023, 7, (1), 1-32
11. Valuing urban nature through life satisfaction: The consistency of GIS and survey indicators of nature
    Resource and Energy Economics, 2023, 75, (C)

2022

12. After the virtual flood: Risk perceptions and flood preparedness after virtual reality risk communication
    Judgment and Decision Making, 2022, 17, (1), 189-214
13. Charity hazard and the flood insurance protection gap: An EU scale assessment under climate change
    Ecological Economics, 2022, 193, (C) View citations (8)
14. Climate-proofing the National Flood Insurance Program
    Nature Climate Change, 2022, 12, (11), 975-976 View citations (6)
15. How the USA can benefit from risk-based premiums combined with flood protection
    Nature Climate Change, 2022, 12, (11), 995-998 View citations (2)
16. Individual hurricane evacuation intentions during the COVID-19 pandemic: insights for risk communication and emergency management policies
    Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2022, 111, (1), 507-522 View citations (1)
17. Overcoming misleading carbon footprints in the financial sector
    Climate Policy, 2022, 22, (6), 817-822
18. Setting descriptive norm nudges to promote demand for insurance against increasing climate change risk
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2022, 47, (1), 27-49

2021

19. An experimental study of charity hazard: The effect of risky and ambiguous government compensation on flood insurance demand
    Journal of Risk and Uncertainty, 2021, 63, (3), 275-318 View citations (5)
    See also Working Paper An experimental study of charity hazard: The effect of risky and ambiguous government compensation on flood insurance demand, Working Papers (2019) View citations (2) (2019)
20. Default options and insurance demand
    Journal of Economic Behavior & Organization, 2021, 183, (C), 39-56 View citations (11)
    See also Working Paper Default Options and Insurance Demand, NBER Working Papers (2020) View citations (1) (2020)
21. Firm Level Evidence of Disaster Impacts on Growth in Vietnam
    Environmental & Resource Economics, 2021, 79, (2), 277-322 View citations (7)

2020

22. A dual-track transition to global carbon pricing
    Climate Policy, 2020, 20, (9), 1057-1069 View citations (2)
23. A dual-track transition to global carbon pricing: the glass is half full
    Climate Policy, 2020, 20, (10), 1349-1354
24. Behavioral motivations for self-insurance under different disaster risk insurance schemes
    Journal of Economic Behavior & Organization, 2020, 180, (C), 967-991 View citations (8)
25. Economic valuation of climate change–induced mortality: age dependent cold and heat mortality in the Netherlands
    Climatic Change, 2020, 162, (2), 545-562 View citations (3)
26. Economic valuation of green and blue nature in cities: A meta-analysis
    Ecological Economics, 2020, 169, (C) View citations (11)
    See also Working Paper Economic Valuation of Green and Blue Nature in Cities: A Meta-Analysis, Working Papers (2018) View citations (2) (2018)
27. Insights into Flood Risk Misperceptions of Homeowners in the Dutch River Delta
    Risk Analysis, 2020, 40, (7), 1450-1468 View citations (6)
28. Low-carbon transition is improbable without carbon pricing
    Proceedings of the National Academy of Sciences, 2020, 117, (38), 23219-23220 View citations (12)
29. Meeting goals of sustainability policy: CO2 emission reduction, cost-effectiveness and societal acceptance. An analysis of the proposal to phase-out coal in the Netherlands
    Energy Policy, 2020, 138, (C) View citations (11)
30. Regional Inequalities in Flood Insurance Affordability and Uptake under Climate Change
    Sustainability, 2020, 12, (20), 1-30 View citations (6)
31. Risk reduction in compulsory disaster insurance: Experimental evidence on moral hazard and financial incentives
    Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2020, 84, (C) View citations (14)
32. Social vulnerability in cost-benefit analysis for flood risk management
    Environment and Development Economics, 2020, 25, (2), 115-134 View citations (5)
33. Temperature Effects on Electricity and Gas Consumption: Empirical Evidence from Mexico and Projections under Future Climate Conditions
    Sustainability, 2020, 13, (1), 1-28 View citations (1)
34. The Assessment of Impacts and Risks of Climate Change on Agriculture (AIRCCA) model: a tool for the rapid global risk assessment for crop yields at a spatially explicit scale
    Spatial Economic Analysis, 2020, 15, (3), 262-279 View citations (1)

2019

35. Adoption of Individual Flood Damage Mitigation Measures in New York City: An Extension of Protection Motivation Theory
    Risk Analysis, 2019, 39, (10), 2143-2159 View citations (17)
36. Determinants of Probability Neglect and Risk Attitudes for Disaster Risk: An Online Experimental Study of Flood Insurance Demand among Homeowners
    Risk Analysis, 2019, 39, (11), 2514-2527 View citations (7)
37. ECONOMIC EXPERIMENTS, HYPOTHETICAL SURVEYS AND MARKET DATA STUDIES OF INSURANCE DEMAND AGAINST LOW‐PROBABILITY/HIGH‐IMPACT RISKS: A SYSTEMATIC REVIEW OF DESIGNS, THEORETICAL INSIGHTS AND DETERMINANTS OF DEMAND
    Journal of Economic Surveys, 2019, 33, (5), 1493-1530 View citations (2)
38. Future Public Sector Flood Risk and Risk Sharing Arrangements: An Assessment for Austria
    Ecological Economics, 2019, 156, (C), 153-163 View citations (7)
39. Impacts of Flooding and Flood Preparedness on Subjective Well-Being: A Monetisation of the Tangible and Intangible Impacts
    Journal of Happiness Studies, 2019, 20, (2), 665-682 View citations (11)
40. Protecting against disaster risks: Why insurance and prevention may be complements
    Journal of Risk and Uncertainty, 2019, 59, (2), 151-169 View citations (15)
41. The Economic Impacts of Natural Disasters: A Review of Models and Empirical Studies
    Review of Environmental Economics and Policy, 2019, 13, (2), 167-188 View citations (127)

2018

42. CLIMATE POLICY WITHOUT INTERTEMPORAL DICTATORSHIP: CHICHILNISKY CRITERION VERSUS CLASSICAL UTILITARIANISM IN DICE
    Climate Change Economics (CCE), 2018, 09, (02), 1-17 View citations (2)
43. Global impact of a climate treaty if the Human Development Index replaces GDP as a welfare proxy
    Climate Policy, 2018, 18, (1), 76-85 View citations (5)
44. Insights into Flood‐Coping Appraisals of Protection Motivation Theory: Empirical Evidence from Germany and France
    Risk Analysis, 2018, 38, (6), 1239-1257 View citations (9)
45. Integrating human behaviour dynamics into flood disaster risk assessment
    Nature Climate Change, 2018, 8, (3), 193-199 View citations (43)
46. Perceptions of Corporate Cyber Risks and Insurance Decision-Making
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2018, 43, (2), 239-274 View citations (7)
47. The impact of regret and worry on the threshold level of concern for flood insurance demand: Evidence from Dutch homeowners
    Judgment and Decision Making, 2018, 13, (3), 237-245

2017

48. A global economic assessment of city policies to reduce climate change impacts
    Nature Climate Change, 2017, 7, (6), 403-406 View citations (26)
49. A global framework for future costs and benefits of river-flood protection in urban areas
    Nature Climate Change, 2017, 7, (9), 642-646 View citations (21)
50. Accounting for risk aversion, income distribution and social welfare in cost‐benefit analysis for flood risk management
    Wiley Interdisciplinary Reviews: Climate Change, 2017, 8, (2) View citations (8)
51. Economic Assessment of Mitigating Damage of Flood Events: Cost–Benefit Analysis of Flood-Proofing Commercial Buildings in Umbria, Italy
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2017, 42, (4), 585-608
52. Global economic impacts of climate variability and change during the 20th century
    PLOS ONE, 2017, 12, (2), 1-16 View citations (1)
53. Integrating Household Risk Mitigation Behavior in Flood Risk Analysis: An Agent‐Based Model Approach
    Risk Analysis, 2017, 37, (10), 1977-1992 View citations (10)
54. Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States
    Land Economics, 2017, 93, (2), 179-208 View citations (28)

2016

55. Incentivising flood risk adaptation through risk based insurance premiums: Trade-offs between affordability and risk reduction
    Ecological Economics, 2016, 125, (C), 1-13 View citations (24)
56. Political affiliation affects adaptation to climate risks: Evidence from New York City
    Climatic Change, 2016, 138, (1), 353-360 View citations (15)
57. The effectiveness of flood risk communication strategies and the influence of social networks—Insights from an agent-based model
    Environmental Science & Policy, 2016, 60, (C), 44-52 View citations (20)
58. Weather Indicators for Insured Hailstorm Damage to Motor Vehicles and Potential Climate Change Impacts
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2016, 41, (3), 512-527

2015

59. Divergence between individual perceptions and objective indicators of tail risks: Evidence from floodplain residents in New York City
    Judgment and Decision Making, 2015, 10, (4), 365-385
60. Heat stress causes substantial labour productivity loss in Australia
    Nature Climate Change, 2015, 5, (7), 647-651 View citations (58)
61. Monetary valuation of the social cost of CO2 emissions: A critical survey
    Ecological Economics, 2015, 114, (C), 33-46 View citations (59)
62. More Than Fear Induction: Toward an Understanding of People's Motivation to Be Well‐Prepared for Emergencies in Flood‐Prone Areas
    Risk Analysis, 2015, 35, (3), 518-535 View citations (6)
63. Portfolios of adaptation investments in water management
    Mitigation and Adaptation Strategies for Global Change, 2015, 20, (8), 1247-1265
64. Reflections on the current debate on how to link flood insurance and disaster risk reduction in the European Union
    Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2015, 79, (3), 1451-1479 View citations (20)
    See also Working Paper Reflections on the Current Debate on How to Link Flood Insurance and Disaster Risk Reduction in the European Union, Working Papers (2015) View citations (18) (2015)

2014

65. A lower bound to the social cost of CO2 emissions
    Nature Climate Change, 2014, 4, (4), 253-258 View citations (22)
66. Cities' response to climate risks
    Nature Climate Change, 2014, 4, (9), 759-760
67. Improving Flood Risk Communication by Focusing on Prevention‐Focused Motivation
    Risk Analysis, 2014, 34, (2), 309-322 View citations (5)
68. Increasing stress on disaster-risk finance due to large floods
    Nature Climate Change, 2014, 4, (4), 264-268 View citations (54)
69. Reply to 'Statistics of flood risk'
    Nature Climate Change, 2014, 4, (10), 844-845
70. Specifications of Social Welfare in Economic Studies of Climate Policy: Overview of Criteria and Related Policy Insights
    Environmental & Resource Economics, 2014, 58, (1), 1-33 View citations (38)
71. You Have Been Framed! How Antecedents of Information Need Mediate the Effects of Risk Communication Messages
    Risk Analysis, 2014, 34, (8), 1506-1520 View citations (8)

2013

72. Framing of risk and preferences for annual and multi-year flood insurance
    Journal of Economic Psychology, 2013, 39, (C), 357-375 View citations (15)
73. Individual preferences for reducing flood risk to near zero through elevation
    Mitigation and Adaptation Strategies for Global Change, 2013, 18, (2), 229-244 View citations (29)
74. Low‐Probability Flood Risk Modeling for New York City
    Risk Analysis, 2013, 33, (5), 772-788 View citations (12)
75. Response to “The Necessity for Longitudinal Studies in Risk Perception Research”
    Risk Analysis, 2013, 33, (5), 760-762 View citations (2)

2012

76. A Comparative Study of Public–Private Catastrophe Insurance Systems: Lessons from Current Practices
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2012, 37, (3), 603-603 View citations (38)
77. A Review of Risk Perceptions and Other Factors that Influence Flood Mitigation Behavior
    Risk Analysis, 2012, 32, (9), 1481-1495 View citations (141)
78. Erratum: A Comparative Study of Public–Private Catastrophe Insurance Systems: Lessons from Current Practices
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2012, 37, (3), 603-603
79. How sensitive is Nordhaus to Weitzman? Climate policy in DICE with an alternative damage function
    Economics Letters, 2012, 117, (1), 372-374 View citations (39)
80. MONETARY VALUATION OF INSURANCE AGAINST FLOOD RISK UNDER CLIMATE CHANGE
    International Economic Review, 2012, 53, (3), 1005-1026 View citations (49)
81. Managing exposure to flooding in New York City
    Nature Climate Change, 2012, 2, (6), 377-377 View citations (4)
82. Risk attitudes to low-probability climate change risks: WTP for flood insurance
    Journal of Economic Behavior & Organization, 2012, 82, (1), 151-166 View citations (103)

2011

83. Alistair Munro: Bounded Rationality and Public Policy: A Perspective from Behavioural Economics. Ian J. Bateman (ed.): The Economics of Non-Market Goods and Resources
    Environmental & Resource Economics, 2011, 49, (2), 305-308
84. HOW SENSITIVE ARE US HURRICANE DAMAGES TO CLIMATE? COMMENT ON A PAPER BY W. D. NORDHAUS
    Climate Change Economics (CCE), 2011, 02, (01), 1-7 View citations (7)

2010

85. Climate change and hailstorm damage: Empirical evidence and implications for agriculture and insurance
    Resource and Energy Economics, 2010, 32, (3), 341-362 View citations (13)
86. Climate change and increased risk for the insurance sector: a global perspective and an assessment for the Netherlands
    Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2010, 52, (3), 577-598 View citations (35)
87. Did the ECB respond to the stock market before the crisis?
    Journal of Policy Modeling, 2010, 32, (3), 303-322 View citations (28)

2009

88. Bounded Rationality, Climate Risks, and Insurance: Is There a Market for Natural Disasters?
    Land Economics, 2009, 85, (2), 265-278 View citations (39)
89. Willingness of homeowners to mitigate climate risk through insurance
    Ecological Economics, 2009, 68, (8-9), 2265-2277 View citations (118)

2008

90. Cumulative CO 2 emissions: shifting international responsibilities for climate debt
    Climate Policy, 2008, 8, (6), 569-576 View citations (16)
91. Insurance Against Climate Change and Flooding in the Netherlands: Present, Future, and Comparison with Other Countries
    Risk Analysis, 2008, 28, (2), 413-426 View citations (25)

Books

2016

1. Managing Extreme Climate Change Risks through Insurance
   Cambridge Books, Cambridge University Press
   Also in Cambridge Books, Cambridge University Press (2013) View citations (4)

Chapters

2025

1. Climate Risk and Insurance
   Springer

2022

2. The role of biases and heuristics in addressing natural disasters
   Chapter 5 in Handbook on the Economics of Disasters, 2022, pp 72-85