Modern construction economics - Gerard de Valence

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 approachesare used to present a coherent vision of synthesis between industry economics and project economics.

Topics coveredinclude:

• developing construction economics as idustry economics
• competition and barriers to entry in construction
• innovation in construction
• theory testing in construction managementresearch
• 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 uniquebook 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, andall practitioners looking for a deeper understanding of their industry.