Competition and barriers to entry in the construction industry

De Valence, G

Competition and barriers to entry in the construction industry

De Valence, G

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Publisher:: Spon Press
Publication Type:: Chapter
Citation:: Modern Construction Economics, 2011, 1, pp. 100 - 116
Issue Date:: 2011-01

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Field	Value	Language
dc.contributor.author	De Valence, G https://orcid.org/0000-0002-0619-8033	en_US
dc.contributor.editor	Valence, GD	en_US
dc.date.issued	2011-01	en_US
dc.identifier.citation	Modern Construction Economics, 2011, 1, pp. 100 - 116	en_US
dc.identifier.isbn	978-0-415-39706-3	en_US
dc.identifier.uri	http://hdl.handle.net/10453/17788
dc.description.abstract	The chapter is structured as follows. The first section defines the four market types found in microeconomics and their main characteristics, including the hight of the barriers to entry found in each type. This is followed by a discussion on the question of product homogeneity in construction. Evidence for the existence and significance of barriers to entry in construction is found in concentration levels in the industry. Barriers to entry specific to construction are then identified, followed by a discussion on how they operate, which leads to an analysis of their significance (high, medium or low) in different market types. That analysis is the contribution this research makes to deepening our understanding of the construction industry.	en_US
dc.publisher	Spon Press	en_US
dc.relation.ispartof	Modern Construction Economics	en_US
dc.title	Competition and barriers to entry in the construction industry	en_US
dc.type	Chapter
utslib.location	Abingdon	en_US
utslib.for	1202 Building	en_US
utslib.citation.edition	1	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.edition	1	en_US
pubs.place-of-publication	Abingdon	en_US

Abstract:

The chapter is structured as follows. The first section defines the four market types found in microeconomics and their main characteristics, including the hight of the barriers to entry found in each type. This is followed by a discussion on the question of product homogeneity in construction. Evidence for the existence and significance of barriers to entry in construction is found in concentration levels in the industry. Barriers to entry specific to construction are then identified, followed by a discussion on how they operate, which leads to an analysis of their significance (high, medium or low) in different market types. That analysis is the contribution this research makes to deepening our understanding of the construction industry.

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http://hdl.handle.net/10453/17788