NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds

Daniel Garrett, Andrey Ordin, James W. Roberts, Juan Carlos Suárez Serrato

NBER Working Paper No. 23473
Issued in June 2017

---- Acknowledgements ----

We are very grateful for comments from Manuel Adelino, Hunt Allcott, Pat Bayer, Vivek Bhattacharya, Josh Gottlieb, Ali Hortaçsu, Lorenz Kueng, Tong Li, Justin Marion, Jon Meer, Matt Panhans, Jim Poterba, Clemens Sialm, and Owen Zidar. Suárez Serrato is grateful for funding from the Kauffman Foundation. All errors remain our ow The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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