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Towards Usable Concepts of Construction Market Structure

In: The Economics of the Modern Construction Firm

Author

Listed:
  • Stephen L. Gruneberg

    (University College London)

  • Graham J. Ive

    (University College London)

Abstract

Having looked in detail at housebuilding markets in Chapter 2, we now expand the discussion to construction markets in general. We begin by elaborating on some aspects of the conventional industrial economics model of the market, such as market structure, concentration, and barriers to entry. From a seller’s point of view we discuss price elasticity of demand applied in a construction market context, and we conclude the chapter by discussing market segmentation and marker specialisation by construction firms.

Suggested Citation

  • Stephen L. Gruneberg & Graham J. Ive, 2000. "Towards Usable Concepts of Construction Market Structure," Palgrave Macmillan Books, in: The Economics of the Modern Construction Firm, chapter 4, pages 89-115, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51043-2_4
    DOI: 10.1057/9780230510432_4
    as

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