CONSTRUCTION MICROECONOMICS A unique and comprehensive reference describing microeconomic approaches, theories, and models adapted to and developed for the construction industry. Brockmann’s Construction Microeconomics provides comprehensive coverage of microeconomics applied to the construction industry, focusing on construction clients, who initiate construction projects, and on contractors who transform the ideas and plans of clients into infrastructure and buildings. With the help of microeconomic theory, it tries to answer questions about decision-making by clients, contractors, and governments concerning projects in the built environment. It includes discussions of alternative theories to mainstream microeconomics, such as new institutional economics, behavioral economics, and the capability approach. Applications from the construction sector, including sustainability, industrialization, land supply, and lean construction are provided to ground the theory in practical construction. In Construction Microeconomics, readers will learn:
- How interaction influences the production process and how land as a production factor changes the production function
- How microeconomic theory relies heavily on assumptions for modeling and the nuances of adjusting those assumptions
- How ex-ante costs determine the cost theory of the contractor and why contracting is more akin to the service sector than the goods sector
- How heterogeneous contract goods affect supply and demand, markets, information, technology, and accordingly, the theories of contractors and owners
Advanced undergraduate and master’s students, lecturers and academics in construction and related disciplines, and professionals in the construction industry looking for expert analysis into a unique field facet will find Construction Microeconomics to be a valuable, complete, and authoritative reference on the subject. 978-1119828785, 978-1119831921,978-11131938, 978-1119831914
NOTE: This sale only includes the ebook Construction Microeconomics in PDF. No access codes are included.
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