Modern Construction Economics

<p>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 <em>Modern Construction Economics: Theory and Application</em>, a variety of approaches are used to present a coherent vision of synthesis between industry economics and project economics. </p><p>Topics covered include:</p><ul> <li>developing construction economics as idustry economics</li> <li>competition and barriers to entry in construction</li> <li>innovation in construction</li> <li>theory testing in construction management research</li> <li>collusion and corruption in the construction sector.</li> </ul><p>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.</p>