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Bogenberger, C, Dell’Amico, M, Fuellerer, G, Hoefinger, G, Iori, M, Novellani, S and Panicucci, B (2015) Two-Phase Earthwork Optimization Model for Highway Construction. Journal of Construction Engineering and Management, 141(06).

Chang, C and Qian, Y (2015) An Econometric Analysis of Holdup Problems in Construction Projects. Journal of Construction Engineering and Management, 141(06).

  • Type: Journal Article
  • Keywords: Change orders; Transaction cost; Holdup; Quasi-rent; Bargaining power; Contracting;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000957
  • Abstract:
    The holdup problem plays a central role in explaining governance choices in general and project delivery system selection in particular. This problem arises because of the asymmetrical distribution of quasi-rents between two trading parties. To put this theoretical proposition to a direct test, this research first uses the Nash bargaining model to derive a hypothesis that links quasi-rent differences to the excess profit margin that the contractor can achieve in ex post negotiations, and then collates a data set of 62 change-order cases to enable the hypothesis to be tested econometrically. The corroboration of the hypothesis lends empirical support to the core argument used in the analysis of construction holdup problems. This finding brings to the foreground the significance of recognizing that change orders might be attributed to the owner’s strategic choice. Ignorance of this factor would bias the coefficient estimation in the empirical analysis of change orders.

Goh, Y M and Binte Sa’adon, N F (2015) Cognitive Factors Influencing Safety Behavior at Height: A Multimethod Exploratory Study. Journal of Construction Engineering and Management, 141(06).

Jonsson, H and Rudberg, M (2015) Production System Classification Matrix: Matching Product Standardization and Production-System Design. Journal of Construction Engineering and Management, 141(06).

Moon, S, Zekavat, P R and Bernold, L E (2015) Dynamic Control of Construction Supply Chain to Improve Labor Performance. Journal of Construction Engineering and Management, 141(06).

Navab-Kashani, R, Gay, L F and Bayat, A (2015) Productivity Improvement of Sewer CCTV Inspection through Time Study and Route Optimization. Journal of Construction Engineering and Management, 141(06).

Priven, V and Sacks, R (2015) Effects of the Last Planner System on Social Networks among Construction Trade Crews. Journal of Construction Engineering and Management, 141(06).

Tommelein, I D (2015) Journey toward Lean Construction: Pursuing a Paradigm Shift in the AEC Industry. Journal of Construction Engineering and Management, 141(06).

Wang, D, Dai, F and Ning, X (2015) Risk Assessment of Work-Related Musculoskeletal Disorders in Construction: State-of-the-Art Review. Journal of Construction Engineering and Management, 141(06).

Weidman, J, Dickerson, D E and Koebel, C T (2015) Intervention to Improve Purchasing Decision-Maker Perceptions of Ventilated Tools. Journal of Construction Engineering and Management, 141(06).