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Sponsored AI AM CLAUDE, A Beginner's Guide: Learn the basics of working with AI AI AM CLAUDE, A Beginner's Guide: Learn the basics of working with AI

Author

Yazhi Song

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Open access Aug 2026

Open-End Fund Investment with Dynamic Fund Flows and Passive Benchmarking: A Continuous-Time Stackelberg Game

This paper develops a stylized continuous-time framework for open-end fund investment in which state-dependent fund flows, passive benchmarking, and strategic manager–investor interaction are modeled jointly. The contribution is not a new Stackelberg solution concept; rather, it is the economic mechanism created by com...

Yin Li, Ya-Zhi Song, Can Zhou et al. · 0 citations

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