IDEAS home Printed from https://ideas.repec.org/a/taf/conmgt/v27y2009i12p1197-1207.html
   My bibliography  Save this article

Concentration in the international construction market

Author

Listed:
  • Kunhui Ye
  • Weisheng Lu
  • Weiyan Jiang

Abstract

With the involvement of an increasing number of contractors in the international construction market, venturing overseas has been fraught with fierce competition and considerable uncertainties. This underscores the importance of examining the extent to which the intensity of competition (IoC) for international construction business is moderate. Concentration is a conventional IoC measure. By synthesizing four major concentration methods including concentration ratio, entropy, Gini coefficient and the Herfindahl index, a new model for measuring moderate IoC is thus proposed. Using the 28 years ENR-based data of the top 225 international contractors (TIC 225) in the proposed model, the IoC for international construction business is found to be moderate, if the magnitude of the market shares occupied by the top four international contractors is 0.2735. The finding revises a popular view that international construction competition has been intensifying only since 2002. It is implied that the proposed model favours a better understanding of competition characteristics in the international construction market and provides new insights into the theories about concentration.

Suggested Citation

  • Kunhui Ye & Weisheng Lu & Weiyan Jiang, 2009. "Concentration in the international construction market," Construction Management and Economics, Taylor & Francis Journals, vol. 27(12), pages 1197-1207.
    • Handle: RePEc:taf:conmgt:v:27:y:2009:i:12:p:1197-1207
    DOI: 10.1080/01446190903222429
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/01446190903222429
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01446190903222429?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ahsan Nawaz & Xing Su & Qaiser Mohi Ud Din & Muhammad Irslan Khalid & Muhammad Bilal & Syyed Adnan Raheel Shah, 2020. "Identification of the H&S (Health and Safety Factors) Involved in Infrastructure Projects in Developing Countries-A Sequential Mixed Method Approach of OLMT-Project," IJERPH, MDPI, vol. 17(2), pages 1-18, January.
    2. Maurizio Naldi & Marta Flamini, 2014. "The CR4 index and the interval estimation of the Herfindahl-Hirschman Index: an empirical comparison," Working Papers hal-01008144, HAL.
    3. Kang-Wook Lee, 2023. "Market Structure Analysis of Revenue of International Construction Professional Service (I-CPS): A Country-Level Analysis," Sustainability, MDPI, vol. 15(18), pages 1-16, September.
    4. Daniele Curzi & Maria Garrone & Alessandro Olper, 2021. "Import Competition and Firm Markups in the Food Industry," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(4), pages 1433-1453, August.
    5. Tang, Edward Chi Ho & Leung, Charles Ka Yui & Ng, Joe Cho Yiu, 2018. "Does an Oligopolistic Primary Market Matter? The Case of an Asian Housing Market," MPRA Paper 93680, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:conmgt:v:27:y:2009:i:12:p:1197-1207. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RCME20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.