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Bidding in a possibly common-value auction

Fong, Yuk-Fai; Garrett, Daniel F. - In: Games and economic behavior 70 (2010) 2, pp. 494-501

Persistent link: https://www.econbiz.de/10009242460

Ely, Jeffrey C.; Garrett, Daniel F.; Hinnosaar, Toomas - In: Journal of the European Economic Association 15 (2017) 6, pp. 1258-1301

Persistent link: https://www.econbiz.de/10011888422

Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds

Garrett, Daniel G. - 2017

We study the interaction between tax advantages for municipal bonds and the market structure of auctions for these bonds. We show that this interaction can limit a bidder's ability to extract information rents and is a crucial determinant of state and local governments' borrowing costs....

Persistent link: https://www.econbiz.de/10012954921

Tax advantages and imperfect competition in auctions for municipal bonds

Garrett, Daniel G.; Ordin, Andrey; Roberts, James W.; … - 2017

Persistent link: https://www.econbiz.de/10011684535

Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds

Garrett, Daniel - 2017

We study the interaction between tax advantages for municipal bonds and the market structure of auctions for these bonds. We show this interaction can limit the ability of bidders to extract information rents and is a crucial determinant of state and local governments' borrowing costs....

Persistent link: https://www.econbiz.de/10012455208

Tax advantages and imperfect competition in auctions for municipal bonds

Garrett, Daniel G.; Ordin, Andrey; Roberts, James W.; … - In: The review of economic studies : RES 90 (2023) 2, pp. 815-851

Persistent link: https://www.econbiz.de/10014320097