The Significance of Barriers to Entry in the Construction Industry

De Valence, G

The Significance of Barriers to Entry in the Construction Industry

De Valence, G

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Publisher:: Australian Institute of Quantity Surveyors
Publication Type:: Journal Article
Citation:: The Australian Journal of Contruction Economics and Building, 2007, 7 (1), pp. 29 - 37
Issue Date:: 2007-01

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Field	Value	Language
dc.contributor.author	De Valence, G https://orcid.org/0000-0002-0619-8033	en_US
dc.date.issued	2007-01	en_US
dc.identifier.citation	The Australian Journal of Contruction Economics and Building, 2007, 7 (1), pp. 29 - 37	en_US
dc.identifier.issn	1445-2634	en_US
dc.identifier.uri	http://hdl.handle.net/10453/4847
dc.description.abstract	This research looks at the significance of barriers that firms considering entry into the construction industry might face. Drawing on the microeconomic characteristics of imperfectly competitive and oligopolistic markets the analysis finds that there are a dozen barriers to entry that affect the industry, but their significance depends on the product type. The discussion covers the question of product homogeneity in construction and evidence for the existence of barriers to entry in concentration levels. Barriers to entry specific to construction are then identified, which leads to an analysis of how they operate and their significance (high, medium or low) in different market types, thus increasing our understanding of construction industry dynamics	en_US
dc.publisher	Australian Institute of Quantity Surveyors	en_US
dc.relation.ispartof	The Australian Journal of Contruction Economics and Building	en_US
dc.title	The Significance of Barriers to Entry in the Construction Industry	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	7	en_US
utslib.for	1202 Building	en_US
utslib.for	0905 Civil Engineering	en_US
utslib.for	1402 Applied Economics	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.issue	1	en_US
pubs.volume	7	en_US

Abstract:

This research looks at the significance of barriers that firms considering entry into the construction industry might face. Drawing on the microeconomic characteristics of imperfectly competitive and oligopolistic markets the analysis finds that there are a dozen barriers to entry that affect the industry, but their significance depends on the product type. The discussion covers the question of product homogeneity in construction and evidence for the existence of barriers to entry in concentration levels. Barriers to entry specific to construction are then identified, which leads to an analysis of how they operate and their significance (high, medium or low) in different market types, thus increasing our understanding of construction industry dynamics

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http://hdl.handle.net/10453/4847