Two municipal market veterans, David Dubrow and Kent Hiteshew, delve into the history and current state of disclosure practices in the municipal bond market, highlighting the flaws in the current system. In a follow up, the authors will explore potential paths to reform and key components of a uniform standard of disclosure for municipal securities.
The Stigler Center is inviting submissions of short academic pieces (up to 2000 words)
focused on how economic concentration can impact the marketplace of ideas.
The authors of the best submissions will have their work published on ProMarket and will
be invited to discuss their ideas at the Stigler Center’s 2025 Antitrust and Competition
Conference, which will take place in Chicago on April 10-11, 2025.
Democracy sees higher GDP due to greater civil liberties, economic reform, increased investment and government capacity, and reduced social conflict.
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In a survey of nearly 400 European firms that export abroad, Elena Argentesi, Livia De Simone, Stephan Paetz, Vincenzo Scrutinio find that most firms believe that competition forces them to produce cheaper and higher quality products and services, allowing them to be more competitive in foreign markets.
Richard R. John recounts how in the twentieth century the once-mighty Bell System, whose descendants include today’s Verizon and AT&T, waged a powerful decades-long public relations campaign, including the funding of history books and research centers, to persuade the public that its success rested in technological imperatives and economic incentives rather than a favorable regulatory landscape. Though the Bell PR campaign failed to stop three highly effective antitrust suits, it succeeded in establishing a story about management, competition, and innovation that many Americans—including several of today’s Big Tech critics—have uncritically repeated.