We derive equilibrium asset prices when fund managers deviate from benchmark indices to exploit noise-trader induced … distortions but fund investors constrain these deviations. Because constraints force managers to buy assets that they underweight …. Noise traders bias prices upward because constraints make it harder for managers to underweight overvalued assets, which …

market power. Multiple precision medicine market situations now resemble game theory constructs such as the prisoners …

This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …

There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …

than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …