Market types and construction markets

Spon Press
Publication Type:
Modern Construction Economics, 2011, 1, pp. 171 - 190
Issue Date:
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The chapter analyses one of the characteristics of the building and construction industry that is difficult to quantify in a meaningful way - how competitive markets operate in the industry. The difficulties arise from the characteristics of the industry on one hand and data limitations on the other. This makes a discussion about what constitutes markets and market sectors in building and construction important, because how markets are defined leads to conclusions about the intensity and type of competition.
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