Demand Curves Facing the Individual Firm
Having defined in Chapter 11 various theoretical types of market situation, it must now be considered to which broad types the construction industry markets belong. First, the extent to which the characteristics of a perfectly competitive market apply to the construction industry will be discussed.
KeywordsConstruction Industry Demand Curve None None Individual Firm Price Determination
Unable to display preview. Download preview PDF.
- 1.National Joint Consultative Committee, Code of Procedure for Selective Tendering (R.I.B.A., 1969)Google Scholar
- 2.Joe Bain, ‘A Note on Pricing in Monopoly and Oligopoly’, American Economic Review (1949) pp. 448–64, reprinted in Richard B. Heflebower and George W. Stocking (eds.), Readings in Industrial Organisation and Public Policy ( Homewood, Ill.: Richard D. Irwin, 1958 )Google Scholar
- 3.H. Michael Mann, ‘Seller Concentration, Barriers to Entry, and Rates of Return in Thirty Industries, 1950–1960’, Review of Economics and Statistics (Aug 1966) pp. 296–307, reprinted in Douglas Needham (ed.), Readings in the Economics of Industrial Organisation(New York: Holt, Rinehart & Winston, 1970 )Google Scholar
- 4.M. Tamari, A Postal Questionnaire Survey of Small Firms: An Analysis of Financial Data, Committee of Inquiry on Small Firms, Research Report No. 16 (H.M.S.O., 1972) Table 25Google Scholar
- 5.Eleanor Lea, Peter Lansley and Paul Spencer, Efficiency and Growth in the Building Industry: A Study of Twenty-three Building Firms, a report of an investigation by Ashridge Management College Research Unit, sponsored by the Department of the Environment (1972)Google Scholar