Asset Pricing Implications of Short-Sale Constraints in Imperfectly Competitive Markets

• Hong Liu

  Hong Liu

  http://orcid.org/0000-0003-1904-6001

  Olin Business School, Washington University in St. Louis, St. Louis, Missouri 63130; and China Institute of Economics and Finance, Shanghai 200433, China;

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• Yajun Wang

  Corresponding Author

  Yajun Wang

  http://orcid.org/0000-0003-4244-4788

  Zicklin School of Business, Baruch College, New York, New York 10010

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