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Quasi-rational behaviour in the property and construction market

Raftery, J.

Quasi-rational behaviour in the property and construction market - 1999 - Construction Management and Economics 17(1) January 1999, 21-27(7) .

Discusses the idea of quasi-rationality ie. behaviour which is consistent but not rational, amongst construction and property professionals in relation to perceptions of salary levels and risk aversion in agreeing contracts for property development. The implications of this for the property and constructions markets are discussed.

Subjects--Topical Terms:
BEHAVIOUR
CONSTRUCTION MARKET
PROPERTY DEVELOPMENT
PROPERTY MARKET
RISK AVERSION

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