Economic Effects of Bidding Policies and Socially Responsible Entrepreneurship

Abstract

The article presents the socioeconomic effects resulting from the interaction between public bidding regulation and legal incentives to socially responsible action by entrepreneurs, based on Law n° 8.666, of June 21, 1993. The research is qualitative based on literature review and legal texts. The hypothetico-deductive method is employed to explore and explain the subject. The main conclusion is that Government may alter market equilibrium toward the Social-Economic Equilibrium Efficiency Principle – SEEP through its market power and legislation.