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Prof. W.J.W. Botzen



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  • Telephone:+31 20 59 83979
  • Room nr:c-523
  • E-mail:wouter.botzen@vu.nl
  • Unit:faculteit der aard- en levenswetenschappen ( dep. environmental economics )
  • Position:Full Professor

Summary

Wouter Botzen is full Professor of Economics of Climate Change and Natural Disasters at the Department of Environmental Economics, Institute for Environmental Studies (IVM), VU University Amsterdam. He is Deputy Head of the Department of Environmental Economics. Moreover, he is full Professor of Economics of Global Environmental Change at the Utrecht University School of Economics, Utrecht University. He is a visiting scholar at the Risk Management and Decision Processes Center at the Wharton School of the University of Pennsylvania. Wouter has obtained his PhD degree in economics (cum laude) in 2010 for his thesis on the economics of insurance against climate change. His thesis won the Junior Societal Impact Award of the VU University and was published in revised form by Cambridge University Press. 

At IVM Wouter is involved in teaching various courses on Environmental Economics. He coordinates research on climate change economics and supervises several PhD students. His main research interests are climate change economics with a particular focus on risk, natural disaster insurance, behavioural economics of decision making under risk, and natural disaster risk assessment and management. He has published more than 60 articles in international scientific journals on these themes. His publications span top economic journals, such as International Economic Review, and multi-disciplinary journals, such as Nature and Science. He won twice the best paper award of the journal Risk Analysis and he received the Lloyd’s Science of Risk Prize in 2014.

Wouter has worked on a variety of research projects funded by the Netherlands Organisation for Scientific Research (NWO), the Dutch research program “Knowledge for Climate (KvK), and the European Commission, among others. He has advised several for profit and non-profit organizations. Wouter was awarded a NWO-VENI scholarship in 2011 and a NWO-VIDI scholarship in 2015, which are granted to researchers who belong to the best 10%-20% of their international peer group

Academic training

2006-2009PhD degree (cum laude), Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, the Netherlands.
2001-2005MSc Economics, University of Maastricht, the Netherlands.

Professional employment history

2016-present Full Professor of Economics of Climate Change and Natural Disasters at the Institute for Environmental Studies (IVM), Vrije Universiteit Amsterdam, the Netherlands
2016-present Full Professor of Economics of Global Environmental Change at the Utrecht University School of Economics, Utrecht University, the Netherlands
2015-2016 Associate Professor Economics at the Institute for Environmental Studies (IVM), Vrije Universiteit Amsterdam, the Netherlands
2010-2014Assistant Professor Economics at the Institute for Environmental Studies (IVM), Vrije Universiteit Amsterdam, the Netherlands
2012-presentVisiting scholar at the Risk Management and Decision Processes Center at the Wharton School of the University of Pennsylvania, USA
2006-2009PhD student at the Institute for Environmental Studies (IVM), Vrije Universiteit Amsterdam, the Netherlands
Fall 2008Visiting researcher at the Department of Agricultural and Resource Economics, University of Maryland, USA
Spring 2008Visiting researcher at the Institute of Environmental Science and Technology (ICTA), Autonomous University of Barcelona, Spain
2005-2006Lecturer at the Economics Department, University of Maastricht, the Netherlands

Grants and awards

2015-2020Vidi scholarship by the Netherlands Organization for Scientific Research (NWO)
2014Lloyd’s Science of Risk Prize
2011-2014Veni scholarship by the Netherlands Organization for Scientific Research (NWO).
2013Award for the best paper in the journal Risk Analysis granted by the Society for Risk Analysis, USA
2012Award for the best paper in the journal Risk Analysis granted by the Society for Risk Analysis, USA
Since 2011Listed in the hall of fame of top researchers of the VU University.
2010Societal Impact Award Junior of the VU University.

Supervision PhD students

Graduated:Current:
Philip Bubeck (2013)Paul Hudson
Youbaraj Paudel (2014)  Kristina Yuzva
Jennifer Poussin (2016)Toon Haer
Jarl Kind
Marvin Uehara (University of Queensland)
Peter Robinson
Jantsje Mol

Selected publications


Link to full publication list at IVM since 2006


Natural disaster insurance

Hudson, P., Botzen, W.J.W., Feyen, L. & Aerts, J.C.J.H. (2016). Incentivising flood risk adaptation through risk based insurance premiums: trade-offs between affordability and risk reduction. Ecological Economics, 125, 1-13.

Botzen, W.J.W., de Boer, J. & Terpstra, T. (2013). Framing of risk and preferences for annual and multi-year flood insurance. Journal of Economic Psychology, 39, 357-375.

Botzen, W.J.W. & van den Bergh, J.C.J.M. (2012). Monetary valuation of insurance against flood risk under climate change. International Economic Review, 53(3), 1005-1025.

Botzen, W.J.W. & van den Bergh, J.C.J.M. (2012). Risk attitudes to low-probability climate change risks: WTP for flood insurance. Journal of Economic Behavior and Organization, 82(1), 151-166.

Paudel, Y., Botzen, W.J.W. & Aerts, J.C.J.H. (2012). A comparative study of public-private catastrophe insurance systems: Lessons from current practices. Geneva Papers on Risk and Insurance, 37, 257-285.

Botzen, W.J.W., Aerts, J.C.J.H. & van den Bergh, J.C.J.M. (2009). Willingness of homeowners to mitigate climate risk through insurance. Ecological Economics, 68(8-9), 2265-2277.


Climate policy

van den Bergh, J.C.J.M. & Botzen, W.J.W. (2015). Monetary valuation of the social cost of greenhouse gas emissions. Ecological Economics, 114, 33-46.

Botzen, W.J.W. & van den Bergh, J.C.J.M. (2014). Specifications of social welfare in economic studies of climate policy: Overview of criteria and evaluation of policy insights. Environmental and Resource Economics, 58(1), 1-33.

van den Bergh, J.C.J.M. & Botzen, W.J.W. (2014). A lower bound to the social cost of CO2 emissions. Nature Climate Change, 4, 253-258.

Botzen, W.J.W. & van den Bergh, J.C.J.M. (2012). How sensitive is Nordhaus to Weitzman? Climate policy in DICE with an alternative damage function. Economics Letters, 117, 372-374.


Natural disaster risk assessment and management

Estrada, F., Botzen, W.J.W. & Tol, R. (2015). Economic losses from US hurricanes consistent with an influence from climate change. Nature Geoscience, 8, 880-884.

Aerts, J.C.J.H., Botzen, W.J.W., Emanuel, K., Lin, N., De Moel, H. & Michel-Kerjan, E. (2014). Evaluating flood resilience strategies for coastal mega-cities. Science, 344, 473-475.

Jongman, B., Hochrainer-Stigler, S., Feyen, L., Aerts, J.C.J.H., Mechler, R., Botzen, W.J.W., Bouwer, L.M., Pflug, G., Rojas, R. & Ward, P. (2014). Stress on disaster finance due to correlated flood extremes. Nature Climate Change, 4, 264-268.

Aerts, J.C.J.H., Lin, N., Botzen, W.J.W., Emanuel, K. & de Moel, H. (2013). Low probability flood-risk modeling for New York City. Risk Analysis, 33(5): 772-788.

Bouwer, L.M. & Botzen, W.J.W. (2011). How sensitive are US hurricane damages to climate? Comment on a paper by W.D. Nordhaus. Climate Change Economics, 2(1), 1-7.

Botzen, W.J.W., Bouwer, L.M. & van den Bergh, J.C.J.M. (2010). Climate change and hailstorm damage: Empirical evidence and implications for agriculture and insurance. Resource and Energy Economics, 32(3), 341-362.


Individual risk perceptions and decision making

Botzen, W.J.W., Kunreuther, H. & Michel-Kerjan, E. (2015). Divergence between individual perceptions and objective indicators of tail risks: Evidence from floodplain residents in New York City. Judgment and Decision Making, 10(4), 365-85.

Poussin, J., Botzen, W.J.W. & Aerts, J.C.J.H. (2014). Factors of influence on flood damage mitigation behaviour by households - Literature review and results from a French survey. Environmental Science and Policy, 40, 69-77.

Bubeck, P., Botzen, W.J.W., Kreibich, H. & Aerts, J.C.J.H. (2013). Detailed insights into the influence of flood-coping appraisals on mitigation behaviour. Global Environmental Change, 23(5), 1327-1338.

Bubeck, P., Botzen, W.J.W. & Aerts, J.C.J.H. (2012). A review of risk perceptions and other factors that influence mitigation behavior. Risk Analysis, 32(9), 1481-1495

Botzen, W.J.W., Aerts, J.C.J.H. & van den Bergh, J.C.J.M. (2009). Dependence of flood risk perceptions on socio-economic and objective risk factors. Water Resources Research, 45, W10440.

Botzen, W.J.W. & van den Bergh, J.C.J.M. (2009). Bounded rationality, climate risks and insurance: Is there a market for natural disasters? Land Economics, 85(2), 266-279.


Books

Botzen, W.J.W. (2013). Managing Extreme Climate Change Risks through Insurance. New York: Cambridge University Press, 432 pp.

Aerts, J.C.J.H., Botzen, W.J.W., Bowman, M.J., Ward, P. & Dircke, P. (Eds.) (2011). Climate Adaptation and Flood Risk in Coastal Cities. London and New York: Earthscan.

Botzen, W.J.W. (2010). The Economics of Insurance against Climate Change. Doctoral Thesis. Faculty of Economics and Business Administration, VU University Amsterdam, 340 pp. (ISBN 978-90-8659-417-7).

 

Ancillary activities

Utrecht University School of Economics, Utrecht University

Utrecht
Professor of Economics of Global Environmental Change
01 februari 2016
Last changes Ancillary activities: Amsterdam 27 januari 2017
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