Economics of disruptive change (EDC)

The EDC theme embraces economic behaviors under the risk of large disruptive (regime changing) shocks, including climate tipping points, eco-system breakdown, pandemic shocks, and disruptive technological or political changes.

© Zoom-zoom | Dreamstime

© Zoom-zoom | Dreamstime

The hallmark of the research undertaken under the auspices of the EDC theme is that it studies the nexus of pre-shock and post-shock behaviors within a coherent framework. Pre-shock behaviors include prevention and precaution, for example, through the build-up of adaptive capacity, while post-shock behaviors include adaptation and the potential to choose different (and more sustainable/resilient) pathways of recovery. Studies typically involve modeling and empirical applications.


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Last edited: 16 March 2021

CONTACT DETAILS

Michael Kuhn

Program Director and Principal Research Scholar

Economic Frontiers Program

T +43(0) 2236 807 371

PUBLICATIONS

Chen, S., Fang, K., Dhakal, S., Kharrazi, A. , Tong, K., & Ramaswami, A. (2021). Reshaping urban infrastructure for a carbon-neutral and sustainable future. Resources, Conservation and Recycling 174, e105765. 10.1016/j.resconrec.2021.105765.

Iakubovskii, D., Krupenev, D., Komendantova, N. , & Boyarkin, D. (2021). A model for power shortage minimization in electric power systems given constraints on controlled sections. Energy Reports 7, 4577-4586. 10.1016/j.egyr.2021.07.022.

Chen, S., Prettner, K., Kuhn, M., & Bloom, D.E. (2021). The economic burden of COVID-19 in the United States: Estimates and projections under an infection-based herd immunity approach. The Journal of the Economics of Ageing 20, e100328. 10.1016/j.jeoa.2021.100328.

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