This article explores how improvements in the understanding of socioeconomic characteristics and their interactions across small geographical areas could enable more efficient resource allocations to counteract the spread of a disease. Our empirical analysis focusses on COVID-19 infection rates...

In this paper, we evaluate specification and pricing error for the Consumption (C-) CAPM in the case where the model is optimally scaled by consumption-wealth ratio (CAY). Lettau and Ludvigson (2001b) show that the C-CAPM successfully explains a large portion (about 70%) of the cross-section of...