We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections via an asset-pricing framework with vaccines. Infections lower earnings growth … during a pandemic. Valuations would be significantly lower absent mitigation and a high vaccine arrival rate …

We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections by using an asset-pricing framework that accounts for vaccines. Infections …-to-earnings ratios during a pandemic. Stock market values would be significantly lower absent mitigation and a high vaccine arrival rate …

We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections via an asset-pricing framework with vaccines. Infections lower earnings growth … during a pandemic. Valuations would be significantly lower absent mitigation and a high vaccine arrival rate …

The paper analyzes the scope for the private market for pandemic insurance and discusses the potential role of the …-frequency data that tracks the economic impact of the COVID-19 pandemic in the US, we calibrate the loss distribution of a … hypothetical insurance contract designed to alleviate the impact of the pandemic on small businesses and employment. The model of …

We measure the economic risk of epidemics at a geo-spatially detailed resolution. In addition to data about the … epidemic hazard prediction, we use data from 2014-2019 to compute measures for exposure, vulnerability, and resilience of the … local economy to the shock of an epidemic. Using a battery of proxies for these four concepts, we calculate the hazard (the …