【主讲】朱胜豪 (教授，对外经贸大学国际经济贸易学院)
【主题】Adverse Selection and Income Distribution
【时间】2018年11月8日 (周四) 14：00-15：30
【地点】上海财经大学经济学院楼701室
【语言】英文
【摘要】We investigate how information frictions influence income distribution, specifically when there is a trade-off between rent extraction and efficiency. We show that information frictions increase income inequality through two channels. The information rent increases income inequality. And the optimal contract induces a less equal output distribution. We also show that a mean-preserving spread of the type distribution increases income inequality under the optimal contract. The type distribution could be a discrete distribution or a continuous distribution. These results continue to hold after we introduce government redistributive policies.
