Journal Articles


136) Koundouri P., Landis C., Dellis K., Plataniotis A., (2023) Integrating SDGs in ESGs and the Sustainability Transformation of the EU Business Sector (forthcoming: Annual Review of Resource Economics)

135) Koundouri P., Alamanos, A., Dellis K., Stratopoulou, A. (2022), Ecosystem Services into Water Resource Planning and Management. (forthcoming: Oxford encyclopedia of water resources management and policy)

Refereed Academic Journal Articles


134) Koundouri, Phoebe, Alamanos, A., Plataniotis, A., Stavridis, C., Perifanos, K., & Devves, S. (2024). Assessing the sustainability of the European Green Deal and its Interlin Kages with the sdgs. NATURE: Climate Action, 3(1).

133) Guittard, A., Kastanidi, E., Akinsete, E., Berg, H., Carter, C., Maneas, G., Martínez-López, J., Martínez-Fernandez, J., Papadatos, D., de Vente, J., Vernier, F., Tiller, R., Karageorgis, A. P., & Koundouri, P. (2024). Using multi-actor labs as a tool to drive sustainability transitions in coastal-rural territories: Application in three European regions. GAIA – Ecological Perspectives for Science and Society, 33(1), 57–63.

132) Koundouri, P., Papayiannis, G. I., Petracou, E. V., & Yannacopoulos, A. N. (2024). Consensus Group Decision making under model uncertainty with a view towards environmental policy making. Environmental and Resource Economics.

131) Alamanos interviewing Prof Koundouri – Alamanos, A. (2024). The global climate hub. NATURE: Sustainability   

130) Falk, J., Gleick, P. H., Asayama, S., Attig-Bahar, F., Behera, S., von Braun, J., Colwell, R. R., Chapagain, A. K., El-Beltagy, A. S., Kennel, C. F., Kimoto, M., Koike, T., Konde, A. A., Koundouri, P., Abd-Elmabod, S. K., Lal, R., Lee, Y. T., Murray, C. A., Nangia, V., … Yasunari, T. (2024). Critical hydrologic impacts from climate change: Addressing an urgent global need. Sustainability Science


129) Koundouri, P., Halkos, G., Landis, C. F. M., et al. (2023). Ecosystem services valuation for supporting sustainable life below water. NATURE: Sustain Earth Reviews, 6, 19.

128) Koundouri, P. (2023). Urgent call for comprehensive governmental climate action against wildfires in Greece. NATURE: Climate Action, 2(1).

127) Koundouri, P., & Plataniotis A. (2023). Editorial: Towards a Sustainable Future – Insights from Marine and Coastal Research. Frontiers in Environmental Economics, Sec. Economics of Climate Change Volume 2. doi: 10.3389/frevc.2023.1354990

126) Vassilopoulos, A., Papadaki, L., & Koundouri, P. (2023). Can virtual reality nudge toward green investing? An experiment with small business entrepreneurs. Review of Behavioral Finance.

125) Koundouri, P., Hammer, B., Kuhl, U., & Velias, A. (2023). Behavioral Economics and neuroeconomics of environmental values. Annual Review of Resource Economics, 15(1).

124) Koundouri, P., Halkos, G., Landis, C., Dellis, K., Stratopoulou, A., Plataniotis, A., & Chioatto, E. (2023). Valuation of marine ecosystems and Sustainable Development Goals. Frontiers in Environmental Economics, 2.

123) Papadaki, L., Stavridis, C., Koundouri, P., Grypari, I., Kazbek, M., Papageorgiou, H., & Theodossiou, N. (2023). Preparatory living lab workshops under the intelcomp platform: An enabler of the solution for sustainability challenges of climate change in Greece. Frontiers in Environmental Economics, 2.

122) Guittard, A., Akinsete, E., Demian, E., Koundouri, P., Papadaki, L., & Tombrou, X. (2023). Tackling single-use-plastic in small touristic islands to reduce marine litter: Co-identifying the best mix of policy interventions. Frontiers in Environmental Economics, 2.

121) Vassilopoulos, A., Papadaki, L., & Koundouri, P. (2023). Can virtual reality nudge toward green investing? An experiment with small business entrepreneurs. Review of Behavioral Finance

120) Fenner, R., Savic, D., Adamowski, J., Ajami, N., Ghosh, S., Kapetas, L., … Rajapakse, J. (2023). Introducing Cambridge Prisms Water: Solutions for managing an essential resource and critical hazard. Cambridge Prisms: Water, 1, e9.

119) Koundouri, P., & Dellis, K. (2023). Human Security: Concepts and Measurement. Cadmus, 28.

118) Koundouri, P., Pittis, N., & Samartzis, P. (2023). Counterfactual priors: A Bayesian response to Ellsberg’s paradox. SSRN Electronic Journal. 


117) Englezos, N., Kartala, X., Koundouri, P., Tsionas, M., Alamanos, A. (2022). A novel hydroeconomic – econometric approach for integrated transboundary water management under uncertainty. Environmental and Resource Economics, 84(4), 975–1030.

116) Sachs, J.D. et al. (2022). The Lancet Commission on lessons for the future from the COVID-19 pandemic. The Lancet, 400(10359), pp. 1224–1280.

115) Fotopoulou E, Mandilara I, Zafeiropoulos A, Laspidou C, Adamos G, Koundouri P and Papavassiliou S (2022). SustainGraph: A knowledge graph for tracking the progress and the interlinking among the sustainable development goals’ targets. Front. Environ. Sci. 10:1003599. doi: 10.3389/fenvs.2022.1003599

114) Kouvara K., Papatheodorou G., Kosmopoulou A., Giovos I., Charitou A., Filippides A., Kaberi H., Kalaitzi L., Kyrkitsos F., Koundouri P., Triantafyllou C., Gletsos M., Fakiris E., Geraga M., (2022) “COVID-19-related litter pollution on Greek beaches and nearshore shallow water environments,” Marine Pollution Bulletin, 185, p. 114250:

113) Alamanos A, Koundouri P, Papadaki L, Pliakou T. (2022). Water for Tomorrow: A Living Lab on the Creation of the Science-Policy-Stakeholder Interface. Water, 14(18), 2879.

112) Akinsete E, Koundouri P, Kartala X, Englezos N, Lautze J, Yihdego Z, Gibson J, Scholz G, van Bers C, Sodoge J (2022). Sustainable WEF Nexus Management: A Conceptual Framework to Integrate Models of Social, Economic, Policy, and Institutional Developments. Front. Water 4:727772. doi: 10.3389/frwa.2022.727772

111) Akinsete Ebun, Vassilopoulos Achilleas, Secco Laura, Pisani Elena, Nijnik Maria, Marini Govigli Valentino, Koundouri Phoebe, Kafetzis Alkis (2022). Social innovation for developing sustainable solutions in a fisheries sector. Environmental Policy and Governance, 1 16.

110) Akinsete E, Stergiopoulou L, El Said N, Koundouri P. (2022). Multi-Actor Working Groups as Fora for WEF Nexus Innovation and Resilience. Environmental Sciences Proceedings, 15(1), 69.

109) Koundouri P., Devves S., Papadaki L., Bitter-Krahe J., Turrini S., Henning W. (2022). Waste management using Life Cycle Sustainability Assessment of Circular Interventions. A case study in the Greek fashion Industry. Italian Law Journal, Pp. 253-284.

108) Pastor, A.V., Tzoraki, O., Bruno, D.; Kaletova, T.; Mendoza-Lera, C.; Alamanos, A., Brummer, M., Datry, T., De Girolamo, A.M., Jakubinski, J., Logar, I., Loures, L., Ilheu, M., Koundouri, P., Nunes, J.P., Quintas-Soriano, C., Sykes, T., Truchy, A.; Tsani, S., & Jorda-Capdevila D. (2022). Rethinking ecosystem service indicators for their application in intermittent rivers. Ecological Indicators Journal, Volume 137, 108693,

107) Alamanos A, Koundouri P, Papadaki L and Pliakou T (2022). A System Innovation Approach for Science-Stakeholder Interface: Theory and Application to Water-Land-Food-Energy Nexus. Frontiers Water 3:744773.

106) Phoebe Koundouri, Nikitas Pittis, Panagiotis Samartzis, Nikolaos Englezos, Andreas Papandreou (2022). Alternative Types of Ambiguity and their Effects on Climate Change Regulation, Open Research Europe, 2:9


105) Koundouri, P. , Devves, S. and Plataniotis, A. (2021) Alignment of the European Green Deal, the Sustainable Development Goals and the European Semester Process: Method and Application. Theoretical Economics Letters, 11, 743-770. doi: 10.4236/tel.2021.114049.

104) Jeffrey D Sachs, Phoebe Koundouri, et al,. (2021). Priorities for the COVID-19 pandemic at the start of 2021: statement of the Lancet COVID-19 Commission. The Lancet, 397: 10278, pp 947-950, Elsevier. Available here

103) Falk, J., Attig-Bahar, F., Colwell, R.R., Phoebe Koundouri et al. (2021). Addressing our planetary crisis. Sustainability Science, pp 1-3

102) Ian Bateman, Christian Gollier, Phoebe Koundouri, Ingmar Schumacher (2021). Professor Sir Partha Dasgupta Awarded Kew International Medal for Contributions to Science, Conservation and the Critical Challenges Facing Humanity, Environmental and Resource Economics volume 80, pages 197–198.

101) Brunnhuber, M. Bozesan. J. Golden, G. Jacobs, P. Koundouri (2021). Hedging Planetary Risks: ‘From Weapons of Mass Destruction to Tools of Massive Social and Ecological Innovation’. CADMUS, Volume 4, No.4, June 2021, 103-114. ISSN 2038-5250. Available online:

100) Koundouri, N. Pittis, P. Samartzis, N. Englezos, A. Papandreou. (2021). Ambiguity Aversion, Modern Bayesianism and Small Worlds, Open Research Europe, Vol1, Issue 13, Pages 13, F1000 Research Limited.

99) Ravazzoli E., Dalla Torre C., Da Re R., Marini Govigli V., Secco L., Górriz-Mifsud E., Pisani E., Barlagne C., Baselice A., Bengoumi M., Dijkshoorn-Dekker M., Labidi A., Lopolito A., Melnykovych M., Perlik M., Polman N., Sarkki S., Vassilopoulos A., Koundouri P., Miller D., Streifeneder T., Nijnik M.(2021) Can social innovation make a change in European and Mediterranean marginalized areas? Social innovation impact assessment in agriculture, fisheries, forestry, and rural development. Sustainability, 13(4):1823.

(This article belongs to the Special Issue Impact of Social Innovation on Sustainable Development of Rural Areas)

98) Iain Fraser, Erwin Bulte, Vincenzina Caputo, Phoebe Koundouri, David Lewis, Q Open—Opening Editorial, Q Open, Volume 1, Issue 1, January 2021, qoaa009,

97) Koundouri, P., Chatzistamoulou, N., González Dávila, O., Giannouli, A., Kourogenis, N., Xepapadeas, A., & Xepapadeas, P. (2021). Open Access in Scientific Information: Sustainability Model and Business Plan for the Infrastructure and Organization of OpenAIRE –Corrigendum. Journal of Benefit-Cost Analysis, 12(2), 394-394.

(The paper received the Best Applied Paper Award for 2021 Journal of Benefit-Cost Analysis)


96) Phoebe Koundouri, Astrid Dannenberg, Ian J. Bateman, (2020). EAERE Award for the Best Paper Published in Environmental and Resource Economics During 2019, Environmental and Resource Economics, 2 April 2020,

95) Nikos Chatzistamoulou, Phoebe Koundouri, (2020). From theory to practice. SDGs patterns across the globe, Encyclopedia of the UN Sustainable Development 
Goals. Decent Work and Economic Growth, 2020.

94) Stella Tsani, Phoebe Koundouri,  Ebun Akinsete, (2020). Resource management and sustainable development: A review of the European water policies in accordance with the United Nations’ Sustainable Development Goals. Environmental Science & Policy, Volume 114, 2020, Pages 570-579,

93) Koundouri, P., Pittis, N., Samartzis, P., 2020. Never Waste a Good Crisis: COVID-19, Macroeconomic Effects and the Way Forward, Perspectives on the Economics of the Environment in the Shadow of Coronavirus, Environmental and Resource Economics volume 76, pages 447–517(2020) Available at:

92) Bateman, I.J., Dannenberg, A., Elliott, R., Finus, M., Koundouri, P., Millock, K., Munro, A., Robinson, E.J., Rondeau, D., Schumacher, I. and Strobl, E., 2020. Economics of the Environment in the Shadow of Coronavirus. Environmental and Resource Economics, 76:519-523,  SharedIt:

91) Jeffrey D Sachs, Phoebe Koundouri, et al,. 2020. Lancet COVID-19 Commission Statement on the occasion of the 75th session of the UN General Assembly The Lancet VOLUME 396, ISSUE 10257, P1102-1124, Elsevier. Available here


90) Roger Cremades, Phoebe Koundouri et al., 2019. Ten Principles to Integrate the Water-Energy-Land Nexus with Climate Services for Co-Producing Local and Regional Integrated Assessments. Science of the Total Environment, Volume 693,

89) Stella Apostolaki, Phoebe Koundouri, Nikitas Pittis. 2019. Using a systemic approach to address the requirement for Integrated Water Resource Management within the Water Framework Directive. Science of the Total Environment, Volume 679, 20 August 2019, Pages 70-79

88) Stella Apostolaki, Stella Tsani, Phoebe Koundouri. Policies and prices for achieving full water cost recovery: An overview of Adige, Ebro and Evrotas Rivers. Resources, Special Issue Natural Resources Policy and Economics for Sustainable Development: Theory and Application, 2019, forthcoming

87) Apostolaki, Stella, Ebun Akinsete, Stella Tsani, Phoebe Koundouri, Nikittas Pittis, and Eleftherios Levantis. 2019. Assessing the Effectiveness of the WFD as a Tool to Address Different Levels of Water Scarcity Based on Two Case Studies of the Mediterranean Region, Water 11, no. 4: 840.

86) Phoebe Koundouri, Stella Tsani, Nikittas Pittis, Eleftherios Levantis, 2019. Socio-Economic Measures for Achieving Total Water Cost Recovery: A Brief Analysis with Illustration from the Evrotas River Basin, Greece. Environmental Analysis and Ecology Studies, 2019,

85) Ebun Akinsete, Stella Apostolaki, Nikos Chatzistamoulou, Phoebe Koundouri and Stella Tsani. The Link between Ecosystem Services and Human Wellbeing in the Implementation of the European Water Framework Directive: Assessing Four River Basins in Europe, Water, Special Issue Economics of Water Resources Management. Water 2019, 11, 508;

84) Ker Rault, Ph., Koundouri, P., Akinsete, E., Ludwig, R., Huber-Garcia, V., Tsani, S., Acuna, V., Kalogianni. E., Luttik, J., Kasper Kok, K., Skoulikidis, N., Jochen Froebrick, J., (2018) Down scaling of Climate Change scenarii to river basin level: a transdisciplinary methodology applied to Evrotas river basin, Greece. Science of the Total EnvironmentVolume 660, 10 April 2019, Pages 1623-1632.,

83) Phoebe Koundouri and Benedicte Rulleau, Valuing water: Selected Applications, editorial introduction to special issue, Water Resources EconomicsVolume 25, January 2019, Page 1,


82) Zagonari F, Tsani S, Mavrikis S and Koundouri P (2018) Common Environment Policies in Different Sustainability Paradigms: Evidence From the Baltic, Adriatic, and Black Seas. Front. Mar. Sci. 5:216.

81) Tsani, S. and P. Koundouri (2018). A methodological note for the development of integrated aquaculture production models. Frontiers in Marine Science, Vol 4, 2018.


80) Koundouri, P, Catarina Roseta-Palma, Nikolaos Englezos (2017). Out of Sight, Not Out of Mind: Developments in Economic Models of Groundwater Management, International Review of Environmental and Resource Economics (Vol. 11: No. 1, pp 55-96).

79) Datry T, Singer G, Sauquet E, Jorda-Capdevilla D, Von Schiller D, Subbington R, Magand C, Pařil P, Miliša M, Acuña V, Alves M, Augeard B, Brunke M, Cid N, Csabai Z, England J, Froebrich J, Koundouri P, Lamouroux N, Martí E, Morais M, Munné A, Mutz M, Pesic V, Previšić A, Reynaud A, Robinson C, Sadler J, Skoulikidis N, Terrier B, Tockner K, Vesely D, Zoppini A (2017) Science and Management of Intermittent Rivers and Ephemeral Streams (SMIRES). Research Ideas and Outcomes , 2017. e21774.

78) Pistocchi, A. Udias, B. Grizzetti, E. Gelati, P. Koundouri, R. Ludwig, A. Papandreou, I. Souliotis (2017). An integrated assessment framework for the analysis of multiple pressures in aquatic ecosystems and the appraisal of management options. Vol. 575, pp 1477-1488. Science of the Total Environment.
ISSN 0048-9697,

77) Osiel González Dávila, Phoebe Koundouri, Theologos Pantelidis, Andreas Papandreou, Do agents’ characteristics affect their valuation of ‘common pool’ resources? A full-preference ranking analysis for the value of sustainable river basin management, Science of The Total Environment, Volume 575, 1 January 2017, Pages 1462-1469, Elsevier, ISSN 0048-9697,

76) Vassilopoulos A., Koundouri, P., (2017). Valuation of Marine Ecosystems. In Oxford Research Encyclopedia of Environmental Science. Oxford University Press.
e-ISBN: 9780199389414,

75) Koundouri P.,” Research Advances on Ground Water Economics”. Invited Paper in International Review of Environmental and Resource Economics, forthcoming 2017


74) Stuiver, Marian, Katrine Soma, Phoebe Koundouri, Sander Van den Burg, Alwin Gerritsen, Thorbjørn Harkamp, Niels Dalsgaard, Fabio Zagonari, Raul Guanche, Jan-Joost Schouten, Saskia Hommes, Amerissa Giannouli, Tore Söderqvist, Lars Rosen, Rita Garção, Jenny Norrman, Christine Röckmann, Mark De Bel, Barbara Zanuttigh, Ole Petersen, and Flemming Møhlenberg. 2016. “The Governance of Multi-Use Platforms at Sea for Energy Production and Aquaculture: Challenges for Policy Makers in European Seas” Sustainability 8, no. 4: 333.

73) Van den Burg, Sander, Marian Stuiver, Jenny Norrman, Rita Garção, Tore Söderqvist, Christine Röckmann, Jan-Joost Schouten, Ole Petersen, Raul G. García, Pedro Diaz-Simal, Mark De Bel, Lucía Meneses Aja, Fabio Zagonari, Barbara Zanuttigh, Javier Sarmiento, Amerissa Giannouli, and Phoebe Koundouri. 2016. “Participatory Design of Multi-Use Platforms at Sea” Sustainability 8, no. 2: 127.

72) Koundouri, P., Kourogenis, N., Pittis, N., and Samartzis, P. (2016) Factor Models of Stock Returns: GARCH Errors versus Time-Varying Betas. J. Forecast., 35: 445– 461. doi: 10.1002/for.2387

71) Koundouri, P., Kourogenis, N. and Pittis, N. (2016), Statistical Modeling Of Stock Returns: Explanatory Or Descriptive? A Historical Survey With Some Methodological Reflections. Journal of Economic Surveys, 30: 149 164.

70) Koundouri, P., Rault, P. K., Pergamalis, V., Skianis, V., & Souliotis, I. (2016). Development of an integrated methodology for the sustainable environmental and socio-economic management of river ecosystems. Science of The Total Environment, Vol.540 (1), January 2016, 90-100.

69) Saul Torres-Ortega, Pedro Diaz-Simal, Amerissa Giannouli, Kyriaki Remoundou, Cristina Izaguirre, Koundouri P., “Assessing costs and damages reduction of climate change adaptation measures in coastal areas: application to the case study of Santander Bay”. Journal of Coastal Research. forthcoming 2016.

68) Koundouri, P., Davila, O., Pantelides, T., Papandreou, A. The Value of River Ecosystems: Method and Application. Special Issue: Towards a Multiple and Emerging Stressors Footprint on European Rivers. Science of the Total Environment. Forthcoming. 2016 Journal Announced Impact Factor: 4.4


67) Koundouri, D. Reppas & I. Souliotis (2015) A retrospective on The Allocation of Energy Resource by William D. Nordhaus, Journal of Natural Resources Policy Research, 7:2-3, 173-176, DOI: 10.1080/19390459.2015.1039237

66) Koundouri P and Giannouli A (2015) Blue growth and economics. Front. Mar. Sci. 2:

65) Zanuttigh, B., Angelelli, E., Kortenhaus, A., Koca, K., Krontira, Y., & Koundouri, P. (2015). A methodology for multi-criteria design of multi-use offshore platforms for marine renewable energy harvesting. Renewable Energy, 85, 1271-1289.

64) Alícia Navarro-Ortega, Vicenç Acuña, Alberto Bellin, Peter Burek, Giorgio Cassiani, Redouane Choukr-Allah, Sylvain Dolédec, Arturo Elosegi, Federico Ferrari, Antoni Ginebreda, Peter Grathwohl, Colin Jones, Philippe Ker Rault, Kasper Kok, Phoebe Koundouri, Ralf Peter Ludwig, Radmila Milacic, Isabel Muñoz, Claudio Paniconi, Momir Paunović, Sergi Sabater, Nikolaos Th. Skoulikidis, Adriaan Slob, Georg Teutsch, Nick Voulvoulis and Damià Barceló (2015). Managing the effects of multiple stressors on aquatic ecosystems under water scarcity. The GLOBAQUA project. Science of the Total EnvironmentVolumes 503–504, 15 January 2015, 3–9.

63) Remoundou, K., Diaz-Simal, P., Koundouri, P., & Rulleau, B. (2015). Valuing climate change mitigation: A choice experiment on a coastal and marine ecosystem. Ecosystem Services, 11, 87-94.


62) Osiel González Dávila, Mavra Stithou, Gianluca Pescaroli Luca Pietrantoni, Phoebe Koundouri, Pedro Díaz-Simal, Bénédicte Rulleau, Nabil Touili, François Hissel and Edmund Penning-Rowsell, 2014. Promoting Resilient economies by exploring insurance potential for facing coastal flooding and erosion: evidence from Italy, Spain, France and the United Kingdom. Coastal Engineering, 87: May 2014: 183-192.

61) Genius, M., Koundouri, P., Nauges, C. and Tzouvelekas, V. (2014), Information Transmission in Irrigation Technology Adoption and Diffusion: Social Learning, Extension Services, and Spatial Effects. American Journal of Agricultural Economics, 96: 328-344.

60) Fabio Antoniou, Panos Hatzipanayotou, Phoebe Koundouri, Tradable permits vs ecological dumping when governments act non-cooperatively, Oxford Economic Papers, Volume 66, Issue 1, January 2014, Pages 188–208,

59) Remoundou, K., Adaman, F., Koundouri, P. et al. Is the value of environmental goods sensitive to the public funding scheme? Evidence from a marine restoration programme in the Black Sea. Empirical Economics 47, 1173–1192 (2014).


58) Antypas, A., Koundouri, P., and Kourogenis, N., 2013. Aggregational Gaussianity and Barely Infinite Variance in Financial Returns. Journal of Empirical Finance. 20: 102–108. Available


57) Drichoutis, A., and Koundouri, P. 2012. Estimating Risk Attitudes in Conventional and Artefactual Lab Experiments: The Importance of the Underlying Assumptions. Economics: The Open-Access, Open-Assessment E-Journal, vol. 6, no. 1, 2012, pp. 20120038. Also AvailableSSRN: or

56) Remoundou, K., Kountouris, Y. and Koundouri, P., 2012. Is the value of an environmental public good sensitive to the providing institution? Resource and Energy Economics. 34(3, September): 381-395.

55) Koundouri, P., Kougea, E., Stithou, M., Ala-Aho, P., Eskelinen, R.,Karjalainen, T., Klove, B., Pulido-Velazquez, M., Reinikainen, K. and Rossi, P., 2012. The Value of Scientific Information on Climate Change: A Choice Experiment on Rokua esker, Finland. Journal of Environmental Economics and Policy, (1) 2012: 85-102. Available

54) Antoniou, Fabio, Hatzipanayotou, Panos, and Koundouri, Phoebe (2012), Second Best Environmental Policies under Uncertainty. Southern Economic Journal: January 2012, Vol. 78, No. 3, 1019– 1040.


53) Groom, B. & Koundouri, P., 2011. Allocating water resources – a systemic approach Featured in Science for Environment Policy, Thematic Issue: Managing water demand, reuse and recycling 2, Issue 33, Environment, European Commission

52) Klove, B., Allan, A., Bertrand, B., Druzynska, E., Erturk, A., Goldscheider, N., Henry, S., Karakaya, N., Karjalainen, P. T., Koundouri, P., Kupfersberger, H., Kvoerner, J., Lundberg, A., Muotka, T., Preda, E., Pulido-Velazquez, M., Schipper, P. 2011. Groundwater dependent ecosystems. Part II. Ecosystem services and management in Europe under risk of climate change and land use intensification. Environmental Science & Policy. 14 (7), November 2011, 782-793.

51) Koundouri, P. and Kourogenis N. 2011. On the Distribution of Crop Yields: Does the Central Limit Theorem Apply? American Journal of Agricultural Economics. 93 (5): 1341-1357


50) Carson, R., Koundouri, P., and Nauges, C. 2010. Arsenic Mitigation in Bangladesh: A Household Labor Market Approach. American Journal of Agricultural Economics, 93(2): 407-414.

(Included in Oxford Economic Journal Highlights as headlines-hitting article Also published in California Digital Library Working Papers Series. Also published in Université Toulouse 1, LERNA Working Papers Series 09.25.301.)

49) Antoniou F, Koundouri P, Tsakiris N. Information Sharing and Environmental Policies. International Journal of Environmental Research and Public Health. 2010; 7(10):3561-3578. (This article belongs to the Special Issue Advances in Environmental Economics) Journal Announced Impact Factor: 0.645)

48) Ekin Birola, PhoebeKoundouri, YiannisKountouris, (2010). Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting. Ecological Economics Volume 69, Issue 4, 15 February 2010, Pages 839-847.


47) Phoebe Koundouri, Marita Laukkanen, Sami Myyrä, Céline Nauges, 2009.  The effects of EU agricultural policy changes on farmers’ risk attitudes, European Review of Agricultural Economics, Volume 36, Issue 1, March 2009, Pages 53–77, (The paper received the 2009 European Association of Agricultural Economics Best Paper Award.)

46) Hepburn, C., Koundouri, P., Panopoulou, K., and T., Pantelides, 2009. Social Discounting Under Uncertainty: A Cross Country Comparison. Journal of Environmental Economics and Management, 57(2): March: 140-150.

45) Koundouri, P, 2009. Editor’s Introduction, Special Issue on: ‘Discounting the Long-Run Future and Sustainable Development’. Economics E-Journal, Vol.3, July 16,

44) Birol, E., Koundouri, P., and Kountouris, Y., 2009. Assessing the economic viability of alternative water resources in water scarce regions: The roles of economic valuation, cost–benefit analysis and discounting. Ecological Economics Volume 69, Issue 4, Pages 839-847 (Also published as International Food Policy Research Institute (IFPRI) Discussion. Paper 190

43) Birol, E., Hanley, N., Koundouri, P., and Kountouris, Y. (2009), Optimal management of wetlands: Quantifying trade-offs between flood risks, recreation, and biodiversity conservation, Water Resources Research, 45, W11426, doi:10.1029/2008WR006955. Also published in Cambridge Environmental Economy and Policy Research Discussion Paper Series. Also published in IFPRI Discussion Papers, no. 908.

42) Remoundou, K., Koundouri, P., Kontogianni, A., Langmead, O., Nunes, Paulo A.L.D, Skourtos, M., 2009. Valuation of Natural Marine Ecosystems: An Economic Perspective. Environmental Science and Policy. Volume 12, Issue 7, November 2009, Pages 1040-1051

41) Koundouri, P., and Kountouris, Y. and Remoundou, K., 2009. Valuing a Wind Farm Construction: A contingent valuation and Long-run Cost Benefit Analysis. Energy Policy. 37, pp 1939-1944.

40) Remoundou, K., and Koundouri, P., 2009. Environmental Effects on Public Health: An Economic Perspective’. International Journal of Environmental Research and Public Health., 6(8), 2160-2178; (This article belongs to the special issue ‘Sustainability: Environmental Studies and Public Health’).


39) Gollier, C., Koundouri, P. and T. Pantelides, 2008. Declining discount rates: Economic justifications and implications for long-run policy, Economic Policy, Volume 23, Issue 56, 1 October 2008, Pages 758–795,

38) Ekin Birol, Phoebe Koundouri & Yiannis Kountouris (2008) Integrating Wetland Management into Sustainable Water Resources Allocation: The Case of Akrotiri Wetland in Cyprus, Journal of Environmental Planning and Management, 51:1, 37-53, DOI: 10.1080/09640560701712259

37) Birol, P., Koundouri, P., Kountouris, I., 2008. Evaluating Farmers’ Preferences for Wastewater: Quantity and Quality Aspects. International Journal of Water, 4(1 /2), pp 69-86.

36) Koundouri, Phoebe, 2008. “Glenn-Marie Lange and Rashid Hassan , The Economics of Water Management in Southern Africa: An Environmental Accounting Approach, Edward Elgar Publishing, Cheltenham UK (2006) ISBN 1-84376-472-5 296 p,” Ecological Economics, Elsevier, vol. 64(4), pages 914-915, February.


35) Pascoe, S., Koundouri, P. and Bjorndal, T., 2007. Estimating targeting ability in multi-species fisheries: a primal multi-output distance function approach. Land Economics, 83(3), August: 382-397.

(Also published as FEEM (Fondazione Enrico Mattei) Working Papers Series, Nota di Lavoro N. 30.2004. Downloadable from: Also Listed on SSRN’s Top Ten download list for ‘FEEM: Natural Resources Management (Topic) Recent Hits’)

34) Groom, B., Koundouri, P., Panopoulou, E. and Pantelidis, T. (2007), Discounting the distant future: How much does model selection affect the certainty equivalent rate?, Journal of Applied Economics, 22: 641-656. Also published in UCL Economics Working Papers Series, No.04-02, http//:

33) Hepburn, C., and P. Koundouri, 2007. Recent advances in discounting: Implications for forest economics. Journal of Forest Economics, 13:169–189


32) Koundouri, P. and Christou, C. (2006), Dynamic adaptation to resource scarcity and backstop availability: theory and application to groundwater. Australian Journal of Agricultural and Resource Economics, 50: 227-245.

31) Koundouri, P., Nauges, C. and Tzouvelekas, V. (2006), Technology Adoption under Production Uncertainty: Theory and Application to Irrigation Technology. American Journal of Agricultural Economics, 88: 657-670.

30) Groom, B., Koundouri, P., Nauges, C., and A. Thomas., 2006. The Story of the Moment: Risk Averse Cypriot Farmers Respond to Drought Management. Applied Economics, 40: 315-326.

29) Birol, E., K. Karousakis and P. Koundouri. 2006. ‘Using a Choice Experiment to Account for Preference Heterogeneity in Wetland Attributes: The Case of Cheimaditida Wetland in Greece’. Ecological Economics, 60(1): 145-156. (Also Published in Environmental Economy and Policy Research Working Papers Series, University of Cambridge, Department of Land Economics, January 2005, No. 082005.)

28) Birol, E., K. Karousakis and P. Koundouri. 2006. Using economic valuation techniques to inform water resources management: A survey and critical appraisal of available techniques and an application. Science of the Total Environment, 365(1-3): 105-122.


27) Ben Groom, Cameron Hepburn, Phoebe Koundouri, David Pearce, 2005. Declining Discount Rates: The Long and the Short of it. Environmental and Resource Economics, 32, 4, pp 445-493, Springer Netherlands

26) Koundouri, P., and C. Nauges, 2005. On Production Function Estimation with Selectivity and Risk. Journal of Agricultural and Resource Economics, 30(3): 597-608.

25) Birol, E., Karousakis, K., and P. Koundouri, 2005. Using a Choice Experiment to Value Wetland Attributes: The case of Cheimaditida wetland in Greece. Water Science and Technology: Water Supply Journal, 5(6): 125-133.

24) Yusuf, A.A. and P. Koundouri, 2005. Willingness to pay for water and location bias in hedonic price analysis: Evidence from the Indonesian housing market. Environment and Development Economics, 10(6), 821-836.


23) Pascoe, Sean and Bjorndal, Trond and Koundouri, Phoebe, Output Substitution in Multi-Species Trawl Fisheries: Implications for Quota Setting (February 2004). Available at SSRN: or

22) Koundouri, P., 2004. Current Issues in the Economics of Groundwater Resource Management. Journal of Economic Surveys, 18(5): 703-740. (This paper was included in the journal’s website highlights, 2006-2007.)

21) Xepapadeas, A., and P. Koundouri, 2004. Introduction to special section on Groundwater Economics and Policy, Water Resources Research (American Geophysical Union), 40, W06S15,

20) Koundouri, P., 2004, Potential for Groundwater Management: Gisser-Sanchez Effect Reconsidered, Water Resources Research (American Geophysical Union), 40, W06S16,

19) Koundouri, P., and A. Xepapadeas, 2004. Estimating Accounting Prices for Common Pool Natural Resources: A distance function approach, Water Resources Research (American Geophysical Union), 40, W06S17,

18) Pearce, D. and P. Koundouri, 2004. Regulatory assessment for chemicals: a rapid appraisal cost–benefit approach. Environmental Science and Policy, 7(6): 453-449.

17) Ben Groom, Phoebe Koundouri, Ekaterini Panopoulou, Theologos Pantalidis, 2004. Model Selection for Estimating Certainty Equivalent Discount Rates.  04-02, University College London, discussion papers in economics,  Available Here


16) Pearce, D.W., & Koundouri, P. (2003). Fertilizer and Pesticide Taxes for Controlling Non-point Agricultural Pollution. Agriculture and Rural Development

15) Pearce, D., Groom, B., Hepburn, C., Koundouri, P., 2003. Valuing the Future: Recent Advances in Social Discounting. World Economics, 4(2): 121-141. Available here

14) Koundouri, P., and Pashardes, P., 2003. Hedonic Price Analysis and Selectivity Bias: Water Salinity and Demand for Land. Environmental and Resource Economics, 26 (1): 45-56.


13) Koundouri, P., 2002. Groundwater and Economics: Gisser-Sanchez’s effect reconsidered. In Luis Silveira (Ed.) ‘Groundwater Volume III’, p.159. Encyclopedia of Life Support Systems (EOLSS), Developed under the Auspices of the UNESCO, Eolss Publishers, Oxford ,UK., E2-09-toc.aspx

12) Koundouri, P. and Groom, B., 2002. Groundwater Management: An Overview of Hydro-geology, Economic Values and Principles of Management, in ‘Groundwater Vol.III’, edited by Luis Silveira, Encyclopedia of Life Support Systems (EOLSS), Developed under the Auspices of the UNESCO, Eolss Publishers, Oxford, UK Available here

11) Hadjispirou, S., Koundouri, P., and Pashardes, P., 2002. Household Demand and Welfare Implications of Water Pricing in Cyprus. Environment and Development Economics, 7(4): 659-685.

Book Reviews in Refereed Journals 


10) Koundouri, P., 2008. Book Review on Conflict, Cooperation and Institutions in International Water Management by Dombrowsky, Published in 2007 by Edward Elgar. Ecological Economics, 69(1): 208. ISI Journal Impact Factor: 2.13; Journal Announced Impact Factor: 2.858. Available here


9) Koundouri, P., 2007. Book Review on ‘The Economics of Water Management in Southern Africa’ by Lange and Hassan, Published in 2007 by Edward Elgar. Ecological Economics64(4): 914-915, (doi:10.1016/j.ecolecon.2007.10.025). ISI Journal Impact Factor: 2.13; Journal Announced Impact Factor: 2.858

8) Koundouri, P., 2007. Book Review on ‘Sustainable Development in Water-Stressed Developing Countries: A Quantitative Policy Analysis’ by S. Kojima, Published in 2006 by Edward Elgar. European Journal of Development Research.


7) Koundouri, P., 2006. Book Review on ‘Water Resource Economics and Policy; an Introduction’ by D. Shaw, Published in 2005 by Edward Elgar. Ecological Economics, 64(1): 233-235, (doi:10.1016/j.ecolecon.2006.08.020). ISI Journal Impact Factor: 2.13; Journal Announced Impact Factor: 2.858. Availlable here

6) Birol, E., Koundouri, P. and Maddison, D., 2006. Obituary: Professor David Pearce (1941-2005), Environment and Development Economics, 11(1), 151-152. Journal Announced Impact Factor: 0.861. Available here 


5) Koundouri, P., 2005. Book Review on ‘Managing Common Pool Groundwater Resources: an International Perspective’, edited by Brentwood and Robar, published in 2004 by Praeger. Ecological Economics, 53, (2), 290-291. Available here ISI Journal Impact Factor: 2.13; Journal Announced Impact Factor: 2.858


4) Koundouri, P., 2004. Book Review on ‘Risk and Uncertainty in Environmental and Natural Resource Economics’; edited by Justus Wesseker, Hans-Peter Weikard and Robert D. Wraver, published in 2003 by Edward ElgarEnvironment International, 30(8), October: 1165-1166. Available here Journal Announced Impact Factor: 3.664

3) Koundouri, P., and Groom, B., 2004. Book Review on ‘Economic Theory for the Environment: Essays in Honor of Karl-GoranMaler’; edited by C. Kristrom, P. Dasgupta and Lofgren, published in 2002 by Edward Elgar. Ecological Economics48(4): 485-487 (doi:10.1016/j.ecolecon.2003.11.007). Available here ISI Journal Impact Factor: 2.13; Journal Announced Impact Factor: 2.858

2) Koundouri, P., and Groom, B., 2004. Book Review on ‘Sustainability and Endogenous Growth’ by Karen Pittel, published in 2003 by Edward Elgar’. Ecological Economics, 48(3): 364-366. Available here ISI Journal Impact Factor: 2.13; Journal Announced Impact Factor: 2.858


1) Koundouri, P., 2002. Book Review for ‘Economic Policy on the Environment and Natural Resources: Techniques for the Management and Control of Pollution’; edited by A. Xepapadeas, published in 1996 by Edward Elgar. Ekonomia, 5(2): 149-153.