Construction microeconomics /
"Construction Microeconomics focusses on the role of the contractor in construction projects. From that perspective, a production theory is of central importance, but modified by the market transactions which tie contractor and client together. It covers microeconomics applied to the constructi...
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| Format: | eBook |
| Language: | English |
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Hoboken, NJ :
John Wiley & Sons, Inc.,
2023.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | "Construction Microeconomics focusses on the role of the contractor in construction projects. From that perspective, a production theory is of central importance, but modified by the market transactions which tie contractor and client together. It covers microeconomics applied to the construction sector, and includes alternative theories to mainstream microeconomics, such as new institutional economics, behavioural economics and the capability approach. This will help readers to understand that microeconomic theory relies heavily on assumptions for modelling and will allow the reader to engage in a wider discussion by adjusting such assumptions. Applications from the construction sector including land supply, sustainability, industrialization, and lean construction will be provided to ground the theory in practical construction. Construction Microeconomics focusses on the role of the contractor in construction projects. From that perspective, a production theory is of central importance, but modified by the market transactions which tie contractor and client together. It covers microeconomics applied to the construction sector, and includes alternative theories to mainstream microeconomics, such as new institutional economics, behavioural economics and the capability approach. This will help readers to understand that microeconomic theory relies heavily on assumptions for modelling and will allow the reader to engage in a wider discussion by adjusting such assumptions. Applications from the construction sector including land supply, sustainability, industrialization, and lean construction will be provided to ground the theory in practical construction. Construction Microeconomics focusses on the role of the contractor in construction projects. From that perspective, a production theory is of central importance, but modified by the market transactions which tie contractor and client together. It covers microeconomics applied to the construction sector, and includes alternative theories to mainstream microeconomics, such as new institutional economics, behavioural economics and the capability approach. This will help readers to understand that microeconomic theory relies heavily on assumptions for modelling and will allow the reader to engage in a wider discussion by adjusting such assumptions. Applications from the construction sector including land supply, sustainability, industrialization, and lean construction will be provided to ground the theory in practical construction."-- |
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| Physical Description: | 1 online resource (xxvi, 384 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781119831938 1119831938 9781119831921 111983192X 9781119831914 1119831911 |