ABSTRACT

Traditional building economics has primarily been concerned with issues around project appraisal and cost management techniques. On the other hand, modern construction economics has a wider focus with stronger links to mainstream economics, reflecting an increased interest in a range of theoretical issues in construction economics, both at the macro and micro level. In Modern Construction Economics: Theory and Application, a variety of approaches are used to present a coherent vision of synthesis between industry economics and project economics.  

Topics covered include:

  • developing construction economics as idustry economics
  • competition and barriers to entry in construction
  • innovation in construction
  • theory testing in construction management research
  • collusion and corruption in the construction sector.

Including contributions from academics in the UK, Sweden, Hong Kong, and Australia, this is a truly global review of a core issue for the construction industry worldwide. The result is a unique book that will push toward the development of a comprehensive theoretical framework of construction economics. This is a must-read for all serious students of construction economics, and all practitioners looking for a deeper understanding of their industry.

chapter 1|13 pages

Theory and construction economics

ByGERARD DE VALENCE

chapter 2|15 pages

Developing construction economics as industry economics

ByJAN BRÖCHNER

chapter 3|34 pages

Collusion and corruption in the construction sector

ByCHRISTIAN BROCKMANN

chapter 4|17 pages

Competing in construction auctions: A theoretical perspective

ByDEREK S. DREW

chapter 6|17 pages

Competition and barriers to entry in the construction industry

ByGERARD DE VALENCE

chapter 7|18 pages

Comparing construction costs between countries

ByRICK BEST

chapter 10|20 pages

Market types and construction markets

ByGERARD DE VALENCE

chapter 11|22 pages

The methodology of building economics research

ByGÖRAN RUNESON