講座主題：Risk-taking and Income Inequality in (Dis)Integrated Markets

主講嘉賓：肖弋舟，香港中文大學商學院

講座時間：2022年6月10日14:00-16:00

講座地點：騰訊會議ID：528-684-494

嘉賓簡介：肖弋舟，香港中文大學商學院。研究領域為信息經濟學和金融經濟學。研究成果發表于Journal of Finance、Review of Financial Studies等優秀學術刊物。并為帕爾格雷夫經濟學辭典撰寫區塊鍊經濟學詞條。

内容摘要：A pandemic or populism can dial back global integration as much as advancements in IT and transportation spur it. We study a general equilibrium model of occupational choice, risk-taking, and income inequality against backdrop of market (dis)integration with inelastic supplies of products and services. In a segmented environment, entrepreneurship and risk-taking are inefficiently low; in an integrated market, they can be socially excessive and entrepreneurship is non-monotone in the inelastic supply of service. As transportation and information technologies improve, occupational risk-taking and total production increase, with ambiguous welfare consequences. In a dynamic setting with inter-generational inheritance, wealth inequality is exacerbated by income inequality, but faces a long-term reversal when service supply is affected by total production.