The Economics of the Modern Construction Firm

This is a book about the whole diverse range of firms that are found in the construction sector, about their decision-making and the economic environments in which they operate. The authors aim to provide a new and coherent perspective on these firms and the choices they have to make - both for their managers and for all who have a stake in these firms and their industry. This book offers some new and important perspectives for research and teaching about construction firms.

List of Tables List of Figures Preface List of Acronyms PART I: SOCIAL STRUCTURES OF ACCUMULATION Social Structures of Organization Social Structures Applied to the Provision of the Built Environment Social Structures of Production PART II: CONSTRUCTION MARKETS Towards Usable Concepts of Construction Market Structure Construction Markets and Transaction Costs The Nature of Construction Markets PART III: CAPACITY Capacity of the Construction Industry Capacity of the Firm and Economics of Growth PART IV: PRICING AND INVESTMENT STRATEGIES Pricing and Investment Marketing and Production Decisions of Speculative Builders and Contractors PART V: CAPITAL CIRCUITS The Industrial Capital Circuit Capital Circuits, Conflicts and Strategies Bibliography and References Index