Season 1 · Episode 73
How A Spectrum Auction Cost Taxpayers Millions
There is an ongoing debate about whether private equity adds value or simply extracts value. In the economic literature, benefits are better documented than extraction for a very simple reason: when value is created everybody is willing to share the data to show it. When value is extracted, much less so. On this episode, Kate and Luigi present an often overlooked story of how a private equity fund made millions through connections, lobbying, and a spectrum auction.
July 9, 202033m 32s
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Show Notes
There is an ongoing debate about whether private equity adds value or simply extracts value. In the economic literature, benefits are better documented than extraction for a very simple reason: when value is created everybody is willing to share the data to show it. When value is extracted, much less so. On this episode, Kate and Luigi present an often overlooked story of how a private equity fund made millions through connections, lobbying, and a spectrum auction. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Topics
economyeconomicsbooth school of business5gcapitalismluigi zingalescapital'isntspectrum auctionkate waldockeconomics podcastuniversity of chicagostiegler centerlobbying