This dissertation is comprised of two related tracts: (i) Quantitative Modeling and (ii) Analysis of Asset Flow Differential Equations. In the former a data set of over 100,000 daily closed-end fund prices is analyzed using mixed-effects regressions with the objective of understanding price...

Overreactions and other behavioral effects in stock prices can best be examined by adjusting for the changes in fundamentals. We perform this by subtracting the relative price changes in the net asset value (NAV) from that of market price (MP) daily for a large set of closed-end funds trading in...