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Books > Business & Economics > Economics > Microeconomics
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Construction Microeconomics (Hardcover)
Loot Price: R2,248
Discovery Miles 22 480
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Construction Microeconomics (Hardcover)
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CONSTRUCTION MICROECONOMICS Unique and comprehensive reference
describing microeconomic approaches, theories, and models adapted
to and developed for the construction industry 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 with respect to 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 land supply, sustainability,
industrialization, and lean construction are provided to ground the
theory in practical construction. In Construction Microeconomics,
readers will learn: How microeconomic theory relies heavily on
assumptions for modeling and the nuances of adjusting those
assumptions How heterogenous contract goods affect supply and
demand, markets, information, technology, and accordingly, the
theories of contractors and owners How interaction influences the
production process and how land as a production factor changes the
production function 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 Advanced undergraduate and masters
students, lecturers and academics in -construction and related
disciplines, and professionals in the construction industry looking
for expert analysis into a unique facet of the field will find
Construction Microeconomics to be a valuable, complete, and
authoritative reference on the subject.
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