market forces. Our theory is based on a specification of a lockup effect on demand, where the existence of this lockup effect … is shown by our empirical analysis. With such a theory, we can analyze how various factors, such as the lockup effect …

. The theory is based on a specification of a lockup effect on demand, where the existence of this lockup effect is shown by … our empirical analysis. With this theory, we can analyze how various factors, such as the lockup effect, demand elasticity …