Construction Microeconomics

Christian Brockmann (University of Utah, USA; TU Freiberg, Germany)

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English

Wiley-Blackwell
09 May 2023

Microeconomics; Construction & heavy industry; Surveying

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.

By: Christian Brockmann (University of Utah USA; TU Freiberg Germany)
Imprint: Wiley-Blackwell
Country of Publication: United States
Dimensions: Height: 244mm, Width: 170mm, Spine: 28mm
Weight: 851g
ISBN: 9781119828785
ISBN 10: 1119828783
Pages: 416
Publication Date: 09 May 2023
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Christian Brockmann is Professor (Lecturer) of Construction Engineering at the University of Utah, USA. He holds a PhD in construction management from ETH Zurich (Switzerland) and a PhD in Economics from TU Freiberg (Germany). With over 20 years’ experience in the management of major infrastructure projects as a contractor and consultant, Christian was Project Director for the BangNa Expressway in Thailand and the Port Said Tunnels in Egypt, (both $2b+ projects), and was part of the Owner’s Project Management Team for the Qatar Integrated Railway Project (a $40b+ project).