Before revision:  By comparing our continuous-time Nash equilibrium model to the otherwise identical competitive Radner equilibrium model, we show that our Nash equilibrium model with price-impact can simultaneously help resolve the interest rate puzzle, the equity premium puzzle, and the stock volatility puzzle.
After revision:  By comparing our continuous-time Nash equilibrium model to the otherwise identical competitive Radner equilibrium model, we show that our model can simultaneously help resolve the interest rate puzzle, the equity premium puzzle, and the stock volatility puzzle.