• 1 Introduction
  • 2 Setup and Notation
  • 2.1 The Model
  • 2.2 Equilibrium
  • 3 Bounds and Representation for PortfolioStrategies
  • 4 The Infinite Population Limit
  • 4.1 Drift and Volatility of the Stock Price
  • 4.2 Optimal Portfolios
  • 5 Conclusions
  • Appendix
  • A Bounds and Representation of Optimal Portfolios,Drift and Volatility
  • B Technical Lemmas
  • C Proofs of Main Results
  • References