  We prove the existence of a continuous-time Radner equilibrium with multiple
agents and transaction costs. The agents are incentivized to trade towards a
targeted number of shares throughout the trading period and seek to maximize
their expected wealth minus a penalty for deviating from their targets. Their
wealth is further reduced by transaction costs that are proportional to the
number of stock shares traded. The agents' targeted number of shares is
publicly known, making the resulting equilibrium fully revealing. In
equilibrium, each agent optimally chooses to trade for an initial time interval
before stopping trade. Our equilibrium construction and analysis involves
identifying the order in which the agents stop trade. The transaction cost
level impacts the equilibrium stock price drift. We analyze the equilibrium
outcomes and provide numerical examples.
