Abstract
Effective collaboration is essential in construction. In addition to organizational science, anthropology, and law frameworks (see Chapters 2–4), a robust economic framework is needed for coordinating and incentivizing participants. The prevailing economic collaboration paradigm in construction scholarship is, however, limited, favoring classical market and hierarchical models. Construction economic collaboration often assumes one of these models, and then uses game theory to predict economic interactions. Yet, game theory’s limitations—its static nature, the overemphasis on rationality, neglect of transaction costs, and disregard for institutional contexts—suggest that a broader economic lens is necessary. [...]
| Original language | English |
|---|---|
| Title of host publication | Routledge Handbook of Collaboration in Construction |
| Editors | Sina Moradi, Kalle Kähkönen, Lauri Koskela, Ole Jonny Klakegg, Kirsi Aaltonen |
| Place of Publication | Abingdon, Oxon/New York, NY |
| Publisher | Routledge - Taylor & Francis Group |
| Pages | 49-60 |
| Number of pages | 12 |
| ISBN (Electronic) | 978-1-003-37955-3 |
| ISBN (Print) | 978-1-032-45482-5, 978-1-032-45981-3 |
| DOIs | |
| Publication status | Published - 2024 |
Bibliographical note
Green Open Access added to TU Delft Institutional Repository 'You share, we take care!' - Taverne project https://www.openaccess.nl/en/you-share-we-take-careOtherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.