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Sample text

Summarizing the above, it becomes evident that any treatment of collusion must draw on findings about markets, competition, and price setting mechanisms. However, first we need to consider whether collusion poses a problem in construction. As will be shown, collusion depends at times on corruption and then the question arises whether corruption is problematic as well. The following section provides theoretical perspectives on construction markets, construction goods and actors, as well as competition and pricing.

C. R. (eds) The Oxford Handbook of Innovation, Oxford, Oxford University Press, 433–458. Miozzo, M. and Dewick, P. 2004. Innovation in Construction: A European Analysis, Cheltenham, Edward Elgar. Myers, D. 2003. The future of construction economics as an academic discipline, Construction Management and Economics, 21(2), 103–106. , Damerow, P. K. 1993. Archaic Bookkeeping: Early Writing and Techniques of Economic Administration in the Ancient Near East, Chicago, University of Chicago Press. Ofori, G.

This constitutes a notable deviation from most other markets. g. Tirole 2000). Anti-trust regulation was passed to protect the weaker market side, typically the buyer. We face in construction the strange situation that the structurally stronger market side is protected by law, while the weaker is exposed to exploitation. However, a discussion of market structure in construction needs still to be expanded for the fact that demand is very specific, there exists no mass production. With the exception of prefabrication, buyers are not willing to trade between goods.

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