{"product_id":"9781119828785-construction-microeconomics-c","title":"Construction Microeconomics","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003e\u003cb\u003eCONSTRUCTION MICROECONOMICS\u003c\/b\u003e \u003cp\u003e\u003cb\u003eUnique and comprehensive reference describing microeconomic approaches, theories, and models adapted to and developed for the construction industry\u003c\/b\u003e \u003c\/p\u003e\n\u003cp\u003e\u003ci\u003eConstruction Microeconomics\u003c\/i\u003e 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. \u003c\/p\u003e\n\u003cp\u003eIn \u003ci\u003eConstruction Microeconomics\u003c\/i\u003e, readers will learn: \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e How microeconomic theory relies heavily on assumptions for modeling and the nuances of adjusting those assumptions\u003c\/li\u003e\n\u003cli\u003e How heterogenous contract goods affect supply and demand, markets, information, technology, and accordingly, the theories of contractors and owners\u003c\/li\u003e\n\u003cli\u003e How interaction influences the production process and how land as a production factor changes the production function\u003c\/li\u003e\n\u003cli\u003e 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\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eAdvanced 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 \u003ci\u003eConstruction Microeconomics \u003c\/i\u003eto be a valuable, complete, and authoritative reference on the subject.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":40737908195425,"sku":"9781119828785","price":89.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_27178721.jpg?v=1721557722","url":"https:\/\/www.rarewaves.com\/products\/9781119828785-construction-microeconomics-c","provider":"Rarewaves.com","version":"1.0","type":"link"}