Regulation of Pharmacists: A Comparative Law and Economics Analysis

The European Journal of Comparative Economics Vol. 10, n. 2, pp. 225-241 (2013)

18 Pages Posted: 21 Oct 2014

See all articles by Niels J. Philipsen

Niels J. Philipsen

Maastricht University - Faculty of Law, Metro

Date Written: October 20, 2014

Abstract

This paper discusses the regulation of pharmacists from an economic perspective, focusing on licensing, price and fee regulation, advertising restrictions and rules on exercise of the profession, and restrictions on business structure. A comparative overview is presented of the most common forms of regulation of pharmacists that are found today in the EU (and to some extent Canada, China and the US) and to investigate whether there is an economic rationale for these rules. Despite the rather strict regulatory frameworks found in all of these jurisdictions, in various countries there is a discussion on how to improve or increase the level of pharmaceutical care. The author suggests in that respect that changes in the reimbursement system may provide a better solution than stricter entry or conduct requirements.

Keywords: Licensing, Entry barriers, Conduct regulation, Price regulation, Pharmacists

JEL Classification: K21, K32, L44, L51

Suggested Citation

Philipsen, N. J., Regulation of Pharmacists: A Comparative Law and Economics Analysis (October 20, 2014). The European Journal of Comparative Economics Vol. 10, n. 2, pp. 225-241 (2013), Available at SSRN: https://ssrn.com/abstract=2512267 or http://dx.doi.org/10.2139/ssrn.2512267

N. J. Philipsen (Contact Author)

Maastricht University - Faculty of Law, Metro ( email )

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