Proposition 2, p. 22 — without a secondary market, thresholds 0 < μ̲ < μ̄ < 1 characterize the equilibrium; H-LPs earn strictly more when both fund types are raised

Initializing...

Proposition 2, p. 22 — without a secondary market, thresholds 0 < μ̲ < μ̄ < 1 characterize the equilibrium; H-LPs earn strictly more when both fund types are raised · Prove2Me