this question, we consider several possible determinants that may influence the choice of auctions versus negotiations. We … 1995-2000. The analysis suggests a number of possible limitations to the use of auctions. Auctions may perform poorly when … projects are complex, contractual design is incomplete, and there are few available bidders. Furthermore, auctions may stifle …

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 …