<abstract xmlns="http://www.w3.org/1999/xhtml"><p> For a long time in economic theory and practice, regulation is only linked to the need for state intervention in monopolistic markets, by developing uniform, simple regulatory rules to limit and control the monopoly power, the monopoly price, mergers and acquisitions between companies in the same industry and others. In recent years the prevailing opinion that government regulation is particularly necessary in oligopolistic markets where there are several leading, dominant companies that can influence the price, quantity and quality of the product offered. However, this regulatory policy should not apply to common rules and taking into account the specifics of the market/industry, market structure (concentration level) of the various market segments and the relevant economic activity. The aim of the study: 1) Evaluation of the efficiency of the construction market, 2) Demonstrate the need for government intervention, 3) Guidelines for the implementation of the regulatory function of the government.</p></abstract>

For a long time in economic theory and practice, regulation is only linked to the need for state intervention in monopolistic markets, by developing uniform, simple regulatory rules to limit and control the monopoly power, the monopoly price, mergers and acquisitions between companies in the same industry and others. In recent years the prevailing opinion that government regulation is particularly necessary in oligopolistic markets where there are several leading, dominant companies that can influence the price, quantity and quality of the product offered. However, this regulatory policy should not apply to common rules and taking into account the specifics of the market/industry, market structure (concentration level) of the various market segments and the relevant economic activity. The aim of the study: 1) Evaluation of the efficiency of the construction market, 2) Demonstrate the need for government intervention, 3) Guidelines for the implementation of the regulatory function of the government.

Efficiency of the construction market and need for government regulation

Ovidius University Annals of Constanta - Series Civil Engineering

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Efficiency of the construction market and need for government regulation"}

For a long time in economic theory and practice, regulation is only linked to the need for state intervention in monopolistic markets, by developing uniform,...

Efficiency of the construction market and need for government regulation

Published Online: May 17, 2018

Page range: 37 - 49

Received: Aug 01, 2017

DOI: https://doi.org/10.1515/ouacsce-2017-0004

Keywords
construction firm, construction market, efficiency of the construction market, government intervention and regulation

© 2018

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Efficiency of the construction market and need for government regulation

Published Online: May 17, 2018

Page range: 37 - 49

Received: Aug 01, 2017

DOI: https://doi.org/10.1515/ouacsce-2017-0004

Keywordsconstruction firm, construction market, efficiency of the construction market, government intervention and regulation

© 2018

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
construction firm, construction market, efficiency of the construction market, government intervention and regulation