CONSTRUCTION MICROECONOMICS is a comprehensive reference book that discusses microeconomic approaches, theories, and models specifically tailored to the construction industry. Written by Brockmann, this book covers a wide range of topics related to microeconomics applied to construction, with a focus on construction clients and contractors. It aims to address various decision-making processes by clients, contractors, and governments when it comes to construction projects in the built environment. Additionally, it explores alternative theories to mainstream microeconomics, including new institutional economics, behavioral economics, and the capability approach. The book also includes practical applications from the construction sector, such as sustainability, industrialization, land supply, and lean construction, to provide real-world context to the theoretical concepts discussed.
In Construction Microeconomics, readers can expect to learn:
- How interaction influences the production process, and how land as a production factor impacts the production function.
- The reliance of microeconomic theory on assumptions for modeling, and the importance of adjusting those assumptions effectively.
- How ex-ante costs determine the cost theory of contractors, and why contracting is more similar to the service sector than the goods sector.
- The impact of heterogeneous contract goods on supply and demand, markets, information, technology, and consequently, the theories related to contractors and owners.
This book caters to advanced undergraduate and master’s students, lecturers, academics in construction and related disciplines, as well as professionals in the construction industry seeking expert analysis in this unique field. It serves as a valuable and authoritative reference on the subject of construction microeconomics.
ISBN: 978-1119828785, 978-1119831921, 978-11131938, 978-1119831914
NOTE: This sale only includes the ebook Construction Microeconomics in PDF format. Access codes are not included.