The economic logic of the construction industry

Authors: Håkan Håkansson; Marianne Jahre

From a practical perspective the construction industry is interesting for a businessresearcher in that it does not have had very positive economic development in terms ofproductivity and the degree of innovation is characterised as low. From a theoretical pointof view the industry is interesting in that prior research has taken different perspectivesincluding market, relationship and network based approaches. The paper presents aliterature review of research on transaction cost (market), supply chain management(relationship) and industrial network (network) approaches in the construction industry,concluding that the ?basic technology? of this industry is characterized by differenteconomic logics. Relating the logics to Thompson’s classification of serial, pooled andreciprocal interdependencies, the paper concludes that there is need for research thatprovides understanding of possible combinations of the logics, i.e. hybrids.

Journal: ( – )

Web Address:

Publish Year: 2004

Conference: Copenhagen, Denmark (2004)