Modern Construction Economics Theory and Application [Paperback]

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.

1. Theory and Construction Economics  2. Developing Construction Economics as Industry Economics  3. Collusion and Corruption in the Construction Sector  4. Competing in Construction Auctions; A Theoretical Perspective  5. On Theory of Production in Economics and Production Management  6. Competition and Barriers to Entry in the Construction Industry  7. Comparing Construction Costs Between Countries&nbslS