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A discussion of the use of municipal debt issues to fund publicly supported stadiums, focusing on the role of federal tax exemption as a hidden subsidy in reducing local funding costs and on the rationale for seeking public subsidies of private, local facilities.
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relationship between municipal and U.S. treasury securities of equal maturity. We present evidence that there was a significant …
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. The laboratory of our study is the recent collapse of the auction rate securities (ARS) market. Using a comprehensive …
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