Originally published in Science Magazine. Read the full article.
“Economists are digging in as well. Matthew Kahn at Johns Hopkins University, Baltimore, has studied how industries cope with disasters. He and a collaborator are already gathering data to compare how companies are adjusting, depending on their supply chains and the different restrictions imposed by countries around the world.
He’s also rewriting the closing chapter to a new book about the economics of climate adaptation. Now, it’s going to talk about the coronavirus. “With any natural experiment, you’re studying the cause and effect. In real time, these companies are reoptimizing in the face of these shocks,” he says.”