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Contents ix An alternative approach to the 'problem' of the large firm Unequal exchange Economies of scale and of integration Transaction costs and business strategy in construction Subcontracting in construction -causes and consequences Economics of joint ventures Economics of subcontracts Concluding remarks Capacity at the level of an industry or sector The neo-classical versus the 'constant unit direct cost' model of supply response to demand Unit labour costs over the business cycle Measuring spare capacity in the construction industry Imports and construction industry capacity Capacity and international construction Towards 'single European markets' for construction and for building materials? Concluding remarks 8 Capacity of the firm and the economics of the growth of firms Introduction The shape of the construction firm's cost curve The neo-classical rising short-run marginal cost curve The mirror-L-shaped unit cost curve Staff and capacity A Penrosian idea of capacity applied to a construction firm Concluding remarks

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