this question, we offer a framework that compares auctions with negotiations. We then examine a comprehensive data set of … potential limitations to the use of auctions. Auctions perform poorly when projects are complex, contractual design is … incomplete and there are few available bidders. Furthermore, auctions stifle communication between buyers and the sellers …

This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints. The … estimation method to repeated highway construction procurement auctions in the state of California between May 1996 and May 1999 … asymmetry, the auction can be inefficient. Based on the estimates of costs, we quantify efficiency losses …

This paper examines bidding in auctions for state highway construction contracts on Long Island in the early 1980s, in … collusive scheme. The paper looks at differences in behavior between ring members and non-members. In these auctions, collusio … bid on most jobs. The apparent role of ring meetings prior to the auction was to designate a serious bidder, and its bid …

Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a … smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it … at least one extra bidder. An immediate public auction also dominates negotiating while maintaining the right to hold an …

promote the use of more transparent and competitive auctions rather than discretionary direct contracts for selection of … suppliers, auctions are significantly more complex and the audit protocol mechanically leads to more scrutiny and a higher … probability of further investigation for auctions than for direct contracts. Using a regression discontinuity design based on a …

-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …

Cartels participating in procurement auctions frequently use bid rotation or prioritize incumbents to allocate …-based competitive explanations for such patterns. We show that by focusing on auctions in which the winning and losing bids are very … non-competitive environments. We apply our tests to two datasets: the sample of Ohio milk auctions studied in Porter and …

those who lose by a very small margin in the sample of procurement auctions from Indonesia, suggesting that bidders collude … by bid rotation. Our results suggest that the proportion of noncompetitive auctions is at least about 5% for all E …-procurement auctions and about 3% for all auctions in Indonesia. We cannot reject the null of competition in other countries …