Construction Microeconomics – eBook

Description

CONSTRUCTION MICROECONOMICS is an essential and groundbreaking reference work that delves into the intricate microeconomic principles tailored specifically for the construction sector. In Brockmann’s Construction Microeconomics, readers will explore a thorough examination of how microeconomic theories apply to the multifaceted world of construction, emphasizing the critical roles of clients—who champion construction initiatives—and contractors—who realize these visions into tangible infrastructure and buildings. This insightful volume employs microeconomic theory to tackle pivotal questions surrounding decision-making processes amongst clients, contractors, and governmental bodies engaged in projects within the built environment.

The book goes beyond traditional mainstream microeconomics by exploring alternative frameworks such as new institutional economics, behavioral economics, and the capability approach. These discussions are further augmented by real-world applications from the construction industry, addressing vital topics such as sustainability, industrialization, land supply, and lean construction, which provide practical grounding for the theoretical concepts presented. In Construction Microeconomics, readers will uncover:

• The significant impact of interactions on the production process and how land as a production factor modifies the overall production function.
• The dependence of microeconomic theory on key assumptions for modeling, along with the complexities of modifying these foundational assumptions.
• The role of ex-ante costs in shaping the contractor’s cost theory and why contracting more closely resembles the service sector than the goods sector.
• The influence of heterogeneous contract goods on supply and demand dynamics, markets, information flow, technology, and the interconnected theories relevant to both contractors and owners.

Ideal for advanced undergraduate and master’s students, educators, researchers in construction-related fields, and industry professionals seeking an in-depth analysis of this unique aspect of economics, Construction Microeconomics serves as a vital, comprehensive, and authoritative resource on the subject.

ISBNs: 978-1119828785, 978-1119831921, 978-11131938, 978-1119831914

NOTE: Please be advised that this sale exclusively includes the eBook version of Construction Microeconomics in PDF format. No access codes are provided.