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Modern Construction Economics: Theory and ApplicationFrom Routledge
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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.
- Sales Rank: #7793019 in Books
- Published on: 2010-12-21
- Original language: English
- Number of items: 1
- Dimensions: 9.21" h x .56" w x 6.14" l, 1.08 pounds
- Binding: Hardcover
- 232 pages
Review
"This book brings together a stimulating selection of thinking and writing that deserves the attention of experienced researchers and industry representatives."
Construction Management and Economics journal
About the Author
Gerard de Valence teaches in the undergraduate and postgraduate construction and property courses in the School of the Built Environment at the University of Technology, Sydney. In the 1990s he participated in many State and Commonwealth Government inquiries into the construction industry and has a particular interest in industry policy. He has published widely on theoretical and management issues in property and construction and was co-editor of the three volume Building in Value series of books. Since 2003 he has been Coordinator of the Working Commission on Building Economics for the International Council for Building Research and Innovation.
Most helpful customer reviews
0 of 0 people found the following review helpful.
The hidden game theories of industry
By Matthew Dovell
Initially I must admit that I thought this book would detail more about the economics of the various commodities that make up housing (lumber, metals(copper), insulation etc) along with the costs of labor, regulation and taxation. That is not the case.
There is significant game theory involved here because the book centers mostly along the lines of the closed bidding process that contractors use for work. In the respects that the parties do not know exactly what the other bidders have said in terms of a request for proposal. Different pricing, different time structure and different overall projects mean that there can be significant amounts of time for those examining other organizations and their reputations but again this brings up the possibility of randomness that can be customized for the client.
Although it does mention a bit of basic political theories in the end it does so in a very justifiable and legit manner. I recommend the book because as western nations continue to construct and reconstruct themselves it serves them best to examine specifically how they ask what they want because it can greater facilitate stakeholder expectations and end results.
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