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Review of Industrial Organization

, Volume 55, Issue 1, pp 111–135 | Cite as

The Single Market in Pharmaceuticals

  • Margaret K. KyleEmail author
Article
  • 167 Downloads

Abstract

This paper examines the state of the single market in the European Union (EU) for pharmaceuticals. As with other products, the EU has adopted a number of institutions and policies to encourage integration and the free movement of goods. Over time, member states are more similar in the availability of pharmaceutical products, as well as in the patents that protect them. New pharmaceuticals are generally available sooner and in more EU members. However, there are large differences in the number and mix of products across member states. Because the pricing of pharmaceuticals remains a national competence, price variation also persists—though this may be desirable from a social welfare standpoint.

Keywords

European Union Integration Intellectual property Parallel trade Pharmaceuticals Regulation 

Notes

Acknowledgements

I thank the editors, Carmine Ornaghi, and two anonymous referees for useful comments and suggestions, as well as participants at the conference “Celebrating 25 Years of the EU Single Market” in April 2018. Access to the IMS MIDAS data that were used was provided through a third-party agreement with Pfizer. The views expressed are my own, and I am responsible for all errors.

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.MINES ParisTech (CERNA)PSL Research University and CEPRParisFrance

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