Home      Login

Abstract: 

We argue in this article that although negotiated bond sales do not have the inherent assurance of obtaining market rates afforded by the competitive process, consideration of an overall borrowing cost is still important and manageable.We further demonstrate the way in which interest rate benchmarks can be readily established to aid in the negotiating process and to use for budgeting and program evaluation purposes.

Keywords: 

Affiliations:  1: University of Connecticut; 2: University of Connecticut.