Matches in SemOpenAlex for { <https://semopenalex.org/work/W3143215196> ?p ?o ?g. }
Showing items 1 to 79 of
79
with 100 items per page.
- W3143215196 abstract "The relationship between competitive bidding in auctions and its impact on price and interest rates has long been of importance for a wide range of market practitioners. Although research has shown that increased competition among broker-dealers and bidders results in lower municipal interest rates, the amount of literature addressing auction rate securities is almost non-existent. The U.S. municipal auction rate securities market (MARS) offers an opportunity to expand the growing but limited empirical analysis of auctions. In particular, researchers can study the impact of market power and competitive search on interest rates using this uniform pricing, multi-unit, frequently repeated dutch auction process. Furthermore, in general, previous cross-sectional models measuring relationships in standard municipal markets are quite static in that they mostly assume some form of dynamic parametric homogeneity. Using a novel empirical approach, i.e., one that doesn't assume the time-constancy of cross-sectional parameters, our research shows that greater underwriter competition and search for potential investors in the form of multiple broker-dealers does indeed lead to lower municipal auction rates. This outcome does not hold for the entire sample life of the security--a result that was captured clearly using our methodology." @default.
- W3143215196 created "2021-04-13" @default.
- W3143215196 creator A5086192251 @default.
- W3143215196 creator A5091273038 @default.
- W3143215196 date "2010-01-01" @default.
- W3143215196 modified "2023-09-26" @default.
- W3143215196 title "Competition on MARS? A study of broker-dealer competition in the U.S. municipal auction rate securities market" @default.
- W3143215196 hasPublicationYear "2010" @default.
- W3143215196 type Work @default.
- W3143215196 sameAs 3143215196 @default.
- W3143215196 citedByCount "0" @default.
- W3143215196 crossrefType "posted-content" @default.
- W3143215196 hasAuthorship W3143215196A5086192251 @default.
- W3143215196 hasAuthorship W3143215196A5091273038 @default.
- W3143215196 hasConcept C10138342 @default.
- W3143215196 hasConcept C111472728 @default.
- W3143215196 hasConcept C11276805 @default.
- W3143215196 hasConcept C120936955 @default.
- W3143215196 hasConcept C138885662 @default.
- W3143215196 hasConcept C143684077 @default.
- W3143215196 hasConcept C144133560 @default.
- W3143215196 hasConcept C160947807 @default.
- W3143215196 hasConcept C162324750 @default.
- W3143215196 hasConcept C163239763 @default.
- W3143215196 hasConcept C175025494 @default.
- W3143215196 hasConcept C175444787 @default.
- W3143215196 hasConcept C18903297 @default.
- W3143215196 hasConcept C26503482 @default.
- W3143215196 hasConcept C2775881736 @default.
- W3143215196 hasConcept C2781127519 @default.
- W3143215196 hasConcept C86803240 @default.
- W3143215196 hasConcept C91306197 @default.
- W3143215196 hasConcept C9233905 @default.
- W3143215196 hasConceptScore W3143215196C10138342 @default.
- W3143215196 hasConceptScore W3143215196C111472728 @default.
- W3143215196 hasConceptScore W3143215196C11276805 @default.
- W3143215196 hasConceptScore W3143215196C120936955 @default.
- W3143215196 hasConceptScore W3143215196C138885662 @default.
- W3143215196 hasConceptScore W3143215196C143684077 @default.
- W3143215196 hasConceptScore W3143215196C144133560 @default.
- W3143215196 hasConceptScore W3143215196C160947807 @default.
- W3143215196 hasConceptScore W3143215196C162324750 @default.
- W3143215196 hasConceptScore W3143215196C163239763 @default.
- W3143215196 hasConceptScore W3143215196C175025494 @default.
- W3143215196 hasConceptScore W3143215196C175444787 @default.
- W3143215196 hasConceptScore W3143215196C18903297 @default.
- W3143215196 hasConceptScore W3143215196C26503482 @default.
- W3143215196 hasConceptScore W3143215196C2775881736 @default.
- W3143215196 hasConceptScore W3143215196C2781127519 @default.
- W3143215196 hasConceptScore W3143215196C86803240 @default.
- W3143215196 hasConceptScore W3143215196C91306197 @default.
- W3143215196 hasConceptScore W3143215196C9233905 @default.
- W3143215196 hasLocation W31432151961 @default.
- W3143215196 hasOpenAccess W3143215196 @default.
- W3143215196 hasPrimaryLocation W31432151961 @default.
- W3143215196 hasRelatedWork W1168329153 @default.
- W3143215196 hasRelatedWork W122641686 @default.
- W3143215196 hasRelatedWork W1579671096 @default.
- W3143215196 hasRelatedWork W1599225982 @default.
- W3143215196 hasRelatedWork W1650437218 @default.
- W3143215196 hasRelatedWork W2019874277 @default.
- W3143215196 hasRelatedWork W2033047681 @default.
- W3143215196 hasRelatedWork W2035459453 @default.
- W3143215196 hasRelatedWork W2075045404 @default.
- W3143215196 hasRelatedWork W2112456964 @default.
- W3143215196 hasRelatedWork W2114393668 @default.
- W3143215196 hasRelatedWork W2171093302 @default.
- W3143215196 hasRelatedWork W2183319020 @default.
- W3143215196 hasRelatedWork W2232558752 @default.
- W3143215196 hasRelatedWork W2266803174 @default.
- W3143215196 hasRelatedWork W22857226 @default.
- W3143215196 hasRelatedWork W3121561468 @default.
- W3143215196 hasRelatedWork W3121690985 @default.
- W3143215196 hasRelatedWork W3124909328 @default.
- W3143215196 hasRelatedWork W3096972339 @default.
- W3143215196 isParatext "false" @default.
- W3143215196 isRetracted "false" @default.
- W3143215196 magId "3143215196" @default.
- W3143215196 workType "article" @default.