讲座主题：Risk-taking and Income Inequality in (Dis)Integrated Markets
嘉宾简介：肖弋舟，香港中文大学商学院。研究领域为信息经济学和金融经济学。研究成果发表于Journal of Finance、Review of Financial Studies等优秀学术刊物。并为帕尔格雷夫经济学辞典撰写区块链经济学词条。
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.