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Application of mathematical method in public works tendering in Greece

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  • Pavlos Metallinos

Abstract

In Greece, the legal framework for public works has application in each one of them, without exceptions. Historically, the Greek collective capitalist has utilized this framework for the purpose of reinforcing the degree of concentration (oligopolization) of the Public Works market. In the course of the year 1998 the legislator sought through implementation of Law 2576 to effect a forcible restructuring of the market and redistribution of the sectoral product to the benefit of the construction companies dominating the Public Works sector. Its aim was to either liquidate weaker contracting capitals or convert them into sub-contractors for construction oligopolies. It nevertheless transpires that the opposite results were produced to what was expected, so that there was a fall in the amount of Product appropriated by the hegemonic construction companies. The legislator accordingly introduced Law 2940/2001 within a juridical framework that came into effect at the same time as Law 2576/1998, the objective being to rectify the deficiencies of the older legislation. Copyright Springer Science+Business Media, LLC 2013

Suggested Citation

  • Pavlos Metallinos, 2013. "Application of mathematical method in public works tendering in Greece," European Journal of Law and Economics, Springer, vol. 35(3), pages 397-407, June.
    • Handle: RePEc:kap:ejlwec:v:35:y:2013:i:3:p:397-407
    DOI: 10.1007/s10657-011-9256-5
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    References listed on IDEAS

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    1. Patricia M. Hillebrandt, 2000. "Economic Theory and the Construction Industry," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-37248-1, March.
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    Cited by:

    1. Metallinos Pavlos, 2018. "Interpretation of Mathematical Model of Measurement of a Public Work Cost after Contractor Selection and before the Start of Contractual Activities," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 6(1), pages 131-143, October.

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    More about this item

    Keywords

    Public works; Legislation; Construction; Oligopolization; K29;
    All these keywords.

    JEL classification:

    • K29 - Law and Economics - - Regulation and Business Law - - - Other

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