2000 | OriginalPaper | Chapter
Demand for Social-type Construction
Author : Patricia M. Hillebrandt
Published in: Economic Theory and the Construction Industry
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The two preceding chapters on demand for construction, started by considering the factors which were relevant to the decision to build in a broad sector of demand, and the theoretical concepts which were of assistance in understanding the interrelationships of the relevant factors. This chapter deals with a heterogeneous sector of construction in which the common features are that the product is used by a large number of persons or households collectively — for example, hospitals, museums, roads, schools — or that it is used by persons or households individually, but who individually are neither able nor willing to pay for the product, but which the ‘community’ decides should be available.