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Economic Theory and the Construction Industry

  • Book
  • © 2000

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Authors:
  1. Patricia M. Hillebrandt
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Table of contents (17 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Introduction

    1. Front Matter

      Pages 1-1
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    2. The Nature of Construction Economics

      • Patricia M. Hillebrandt
      Pages 3-8

    3. Some Basic Concepts in Economics

      • Patricia M. Hillebrandt
      Pages 9-18

    4. The Construction Industry and the Economy

      • Patricia M. Hillebrandt
      Pages 19-28

  3. The Demands on the Construction Industry

    1. Front Matter

      Pages 29-29
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    2. Demand for Housing

      • Patricia M. Hillebrandt
      Pages 34-54

    3. Demand for Industrial and Commercial Building

      • Patricia M. Hillebrandt
      Pages 55-61

    4. Demand for Social-type Construction

      • Patricia M. Hillebrandt
      Pages 62-67

    5. Demand for Refurbishment, Repair and Maintenance

      • Patricia M. Hillebrandt
      Pages 68-72

    6. How Demand is Put to the Industry

      • Patricia M. Hillebrandt
      Pages 73-85

  4. The Supply of Construction

    1. Front Matter

      Pages 87-87
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    2. Objectives of the Firm

      • Patricia M. Hillebrandt
      Pages 90-95

    3. Costs of the Construction Firm

      • Patricia M. Hillebrandt
      Pages 96-125

    4. Market Supply Curves

      • Patricia M. Hillebrandt
      Pages 126-131

    5. Equilibrium in Various Market Situations

      • Patricia M. Hillebrandt
      Pages 132-145

    6. Demand Curves Facing the Individual Firm

      • Patricia M. Hillebrandt
      Pages 146-160

    7. Price Determination for a Single Project

      • Patricia M. Hillebrandt
      Pages 161-172

    8. Conclusions on Costs, Revenue and the Equilibrium of the Contracting Firm

      • Patricia M. Hillebrandt
      Pages 173-180

  5. Broader Issues

    1. Front Matter

      Pages 181-181
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Keywords

About this book

This revised edition of an established classic textbook brings the subject right up to date. It applies economic theory to the formation of demand on the construction industry and to the way the industry responds. This edition provides a topical assessment of the implication for competition of new methods of procurement, includes a new chapter on rehabilitation, repair and maintenance, and extends the use of theory to issues such as the problems of appropriate technology for developing countries, and contractors' diversification.

About the author

PATRICIA HILLEBRANDT is a Senior Visiting Research Fellow at the University of Reading and, since 1967, an economic and management consultant on the construction industry. She has previously been employed as an economist to the contracting company Richard Costain Ltd, at the National Economic Development Office, and as Senior Lecturer at the Bartlett School of Architecture and Planning, University College London. She has been a consultant to many international and governmental organizations, including the UK Ministry of Overseas Development, the World Bank, the International Labour Organization and DANIDA, the Danish aid organization. She is the author of several books on the contruction industry, including Analysis of the British Construction Industry, and the author or editor (with others) of several books on the way contractors take their management decisions.

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