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The Economics of Competition (The Race to Monopoly) - 9780789027894
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Product Details
Author:
George G Djolov
Format:
Paperback
Pages:
344
Publisher:
Taylor & Francis (July 26, 2006)
Language:
English
ISBN-13:
9780789027894
ISBN-10:
0789027895
Weight:
23oz
File:
TAYLORFRANCIS-TayFran_260130054444459-20260130.xml
Folder:
TAYLORFRANCIS
List Price:
$91.99
Case Pack:
20
As low as:
$87.39
Publisher Identifier:
P-CRC
Discount Code:
H
Dimensions:
5.4375" x 8.5"
Pub Discount:
30
Country of Origin:
United States
Imprint:
Routledge
Overview
A comprehensive examination of the ways competition and innovations level the playing field in the free market
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 both scholars and practitioners.
Competition is seen as a continuous process in a free market. The Economics of Competition thoughtfully explores the competitive process in its two mechanisms, the transfer of market share from one rival to another, and innovation of a new product, new method of production, new market opening, or new source of supply of raw materials. The dynamic nature of the marketplace is thoroughly examined from the author's inside view of the South African pharmaceutical industry. This provides a rare opportunity to closely examine an industry considered to be a monopoly while actively applying economic theories of competition and freedom of choice. The effects of public policy, legislation, and pricing regulations are discussed in detail. The book has several tables and figures to enhance clarity and is extensively referenced.
The Economics of Competition discusses:
* monopoly and rivalry in the free market
* theories of perfect competition
* innovation as a controlling variable
* pricing and price differentiation
* barriers to competition—including historical and contemporary legislative barriers
* horizontal mergers and acquisitions as a key aspect of market power
* and more!The Economics of Competition is insightful, thought-provoking reading for policymakers as well as anyone practising antitrust law, microeconomics, industrial economics, managerial economics, marketing strategy, theoretical public health, and students and educators of marketing and economics.
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 both scholars and practitioners.
Competition is seen as a continuous process in a free market. The Economics of Competition thoughtfully explores the competitive process in its two mechanisms, the transfer of market share from one rival to another, and innovation of a new product, new method of production, new market opening, or new source of supply of raw materials. The dynamic nature of the marketplace is thoroughly examined from the author's inside view of the South African pharmaceutical industry. This provides a rare opportunity to closely examine an industry considered to be a monopoly while actively applying economic theories of competition and freedom of choice. The effects of public policy, legislation, and pricing regulations are discussed in detail. The book has several tables and figures to enhance clarity and is extensively referenced.
The Economics of Competition discusses:
* monopoly and rivalry in the free market
* theories of perfect competition
* innovation as a controlling variable
* pricing and price differentiation
* barriers to competition—including historical and contemporary legislative barriers
* horizontal mergers and acquisitions as a key aspect of market power
* and more!The Economics of Competition is insightful, thought-provoking reading for policymakers as well as anyone practising antitrust law, microeconomics, industrial economics, managerial economics, marketing strategy, theoretical public health, and students and educators of marketing and economics.
