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 …

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 …

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 …

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 …