Towards Usable Concepts of Construction Market Structure

Stephen L. Gruneberg and Graham J. Ive
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Stephen L. Gruneberg: University College London
Graham J. Ive: University College London

Chapter 4 in The Economics of the Modern Construction Firm, 2000, pp 89-115 from Palgrave Macmillan

Abstract: 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.

Keywords: Market Share; Product Market; Price Discrimination; Cost Curve; Close Substitute (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51043-2_4

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DOI: 10.1057/9780230510432_4

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