An Overview of the Construction Industry Today -- Classical Times -- Medieval Times - The Foundation of the Industry -- The Renaissance 1350 - -- - 17th Century England -- The American Colonies 17th C. -- Industrial Revolution - Great Britain 18th C. -- American Colonies 18th C. -- Developments...

This paper reports on interesting changes in markdown pricing practices over time and differences in the pricing within a product line. The price discrimination and the uncertainty hypotheses appear to better explain the data than the peak load hypothesis. Fashion has become more important over...