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Corvinus

The regulatory environment of the section of the non-standardized goods market - The findings of an interview research on Hungarian construction industry small enterprises

Kuczi, Tibor and Tóth, Lilla (2014) The regulatory environment of the section of the non-standardized goods market - The findings of an interview research on Hungarian construction industry small enterprises. Corvinus journal of sociology and social policy, 5 (1). pp. 115-142. DOI 10.14267/cjssp.2014.01.05

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Abstract

In this paper the behavior of economic actors shown in the uncertain quality goods markets is examined from the perspective of the sociology of markets. The analysis uses the findings of in-depth interviews conducted in 2011 and 2012 respectively amongst small and medium size entrepreneurs working in construction industry. In the Hungarian construction industry neither formal rules, nor vocational chambers, are able to create a safe environment for entrepreneurs. Nevertheless, networks created as a result of micro-selection steps might be able to enforce the quality of services, observe deadlines and what is more, ensure payment discipline. In this market, the typical high risk can be reduced by relationships. Networks reduce also the cost of transactions, since the important part of the services in this field could only be standardized at significant costs.

Item Type:Article
Uncontrolled Keywords:entrepreneurs, construction industry, market regulation, non-standardized goods markets, uncertain quality goods
Subjects:Sociology
DOI:10.14267/cjssp.2014.01.05
ID Code:1896
Deposited By: Ádám Hoffmann
Deposited On:13 Apr 2015 08:56
Last Modified:13 Apr 2015 08:56

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