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The Economics of Competition uses the South African pharmaceutical industry as a case study to cogently challenge accepted economic and regulatory views on competition and monopoly, then re-establishes and emphasizes the importance of foundational economic principles. The book comprehensively explores the concept that monopoly is self-limiting within unrestricted competition, as well as the various market features of competition, innovation, and market power. This detailed examination broadens understanding of the economics of competition for scholars and practitioners of competition…mehr

Produktbeschreibung
The Economics of Competition uses the South African pharmaceutical industry as a case study to cogently challenge accepted economic and regulatory views on competition and monopoly, then re-establishes and emphasizes the importance of foundational economic principles. The book comprehensively explores the concept that monopoly is self-limiting within unrestricted competition, as well as the various market features of competition, innovation, and market power. This detailed examination broadens understanding of the economics of competition for scholars and practitioners of competition (antitrust) law, microeconomics, industrial economics, industrial organization, managerial economics, and marketing strategy.

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Autorenporträt
George G Djolov is Associate Professor Extraordinary (quantitative methods) at the University of Stellenbosch Business School, and Head of the Socio-Economic Integration Unit at South Africa's National Statistical Office, Statistics South Africa. Professor Djolov's doctoral thesis has been distinguished in the top 11 at the 2013 PhD Thesis Competition of the European Doctoral Programmes Association in Management and Business Administration (EDAMBA). Professor Djolov holds a Doctorate in Business Administration from the University of Stellenbosch, as well as Master's and Bachelors' degrees of Commerce from the University of the Witwatersrand. Professor Djolov's professional interests, and publications record, are in business statistics, industrial economics, and managerial economics. Professor Djolov is the past Executive Chief Economist of the federation of South Africa's chambers of commerce and industry, CHAMSA. He was formerly the Chief Economist of the Pharmaceutical Manufacturers' Association of South Africa, the body representing local and multinational ethical drug companies in South Africa. He is a member of the European Institute for Advanced Studies in Management. He is a past member of the European Association of Research in Industrial Economics and the Eastern Economic Association.