de Valence, Gerard (2007) The significance of barriers to entry in the construction industry. Construction Economics and Building, 7(1), pp. 29-36. ISSN 2204-9029
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | barriers to entry; construction industry; product differentiation; product homogeneity |
| Index terms: | product differentiation, evidence, dynamics, drawing, construction industry, markets, face |
| Subjects: | psychology, technical documentation, industry analysis, economic analysis, systems engineering, evaluation and assessment methods, business |
| Topics: | Research Practice, Engineering Principles, Business Strategy, Organizational Design, Design Practice |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here