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Market Power And The Pharmaceutical Industry In South Africa

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  • George G. Djolov

Abstract

This paper examines the social cost of the pharmaceutical industry in South Africa. From a regulatory perspective the industry is seen to exhibit monopolylike behaviour resulting in monopoly prices on the supply (manufacturing) side and diminished consumption on the demand (consumer) side. The evidence presented here, which is complementary to that of previous studies, does not support that view. The findings contained here are relevant to the highly contentious subject of access to drugs.

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  • George G. Djolov, 2004. "Market Power And The Pharmaceutical Industry In South Africa," Economic Affairs, Wiley Blackwell, vol. 24(2), pages 47-51, June.
    • Handle: RePEc:bla:ecaffa:v:24:y:2004:i:2:p:47-51
    DOI: 10.1111/j.1468-0270.2004.00473.x
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    Cited by:

    1. Fukuyama, Hirofumi & Matousek, Roman & Tzeremes, Nickolaos G., 2023. "Estimating the degree of firms’ input market power via data envelopment analysis: Evidence from the global biotechnology and pharmaceutical industry," European Journal of Operational Research, Elsevier, vol. 305(2), pages 946-960.

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