Scholars tend to assume that in terms of institutional shape the US is generally more hierarchical and centralized than the EU and in terms of market integration the former is more of a single free market than the latter in the sense of fewer allowable trade restraints. This paper, however, in...

Most contracts that individuals enter into are not written from scratch; rather, they depend upon forms and terms that have been successful in the past. In this paper, we study the structure of form construction contracts published by the American Institute of Architects (AIA). We show that...

The construction sector plays a key role in providing structures for economies. This paper surveys the literature on key issues pertaining to the construction sector. It starts by summarizing our knowledge about differences in unit costs across time and space. It then discusses key bottlenecks...