Academic literature on the topic 'Reference price'

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Journal articles on the topic "Reference price"

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Rajendran, K. N., and Gerard J. Tellis. "Contextual and Temporal Components of Reference Price." Journal of Marketing 58, no. 1 (1994): 22–34. http://dx.doi.org/10.1177/002224299405800102.

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An emerging consensus in marketing is that consumers respond to price relative to some standard or reference price. Most researchers modeling brand choice have reasoned that this standard is based on past prices of the brand. The authors argue that consumers do use reference prices, but one that is also based on context—other prices in the store—rather than on past prices alone. An analysis of households’ brand choices in two subcategories and over three cities supports this premise. Within context, the lowest price seems to be an important cue for reference price, whereas within time, a brand
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Kosenko, Rustan, Donna J. Hill, and Robert Baer. "Reference Price." Journal of Ambulatory Care Marketing 4, no. 2 (1991): 111–20. http://dx.doi.org/10.1300/j273v04n02_09.

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Bangalee, Varsha, and Fatima Suleman. "Has the increase in the availability of generic drugs lowered the price of cardiovascular drugs in South Africa?" Health SA Gesondheid 21 (October 11, 2016): 60–66. http://dx.doi.org/10.4102/hsag.v21i0.935.

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Background: This research focuses on pharmaceutical competition in South Africa where concurrent pricing legislation is being implemented without monitoring the consequences on generic drug competition and usage.Objective: To examine the relationship between originator drug prices and the number of generic brands within the cardiovascular class of drugs and to compare South African prices with international reference prices.Method: Data on private sector drug prices was sourced from the South African Medicine Price Registry. The relationship between the median proportional price and the number
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Richards, Timothy J., Miguel I. Gómez, and Iryna Printezis. "Hysteresis, Price Acceptance, and Reference Prices." American Journal of Agricultural Economics 98, no. 3 (2015): 679–706. http://dx.doi.org/10.1093/ajae/aav059.

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Pandey, Ashish. "Reference Prices and Turnover: Evidence from Small-Capitalization Stocks." Journal of Risk and Financial Management 14, no. 1 (2021): 29. http://dx.doi.org/10.3390/jrfm14010029.

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A large amount of literature in the field of social psychology and product pricing discusses the role of reference prices in affecting buyer’s price perception and purchase intention. Reference price denotes a standard against which the consumer compares the offer price of a product. In this paper, we investigate whether reference prices play any role in affecting the trading decision of stock market investors. We use firm-level, fixed-effect panel data methodology to empirically investigate whether investors respond to a violation of their internalized reference price range by executing a tra
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Pandey, Ashish. "Reference Prices and Turnover: Evidence from Small-Capitalization Stocks." Journal of Risk and Financial Management 14, no. 1 (2021): 29. http://dx.doi.org/10.3390/jrfm14010029.

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A large amount of literature in the field of social psychology and product pricing discusses the role of reference prices in affecting buyer’s price perception and purchase intention. Reference price denotes a standard against which the consumer compares the offer price of a product. In this paper, we investigate whether reference prices play any role in affecting the trading decision of stock market investors. We use firm-level, fixed-effect panel data methodology to empirically investigate whether investors respond to a violation of their internalized reference price range by executing a tra
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Song, Hongjuan, and Yushi Jiang. "Dynamic pricing decisions by potential tourists under uncertainty: The effects of tourism advertising." Tourism Economics 25, no. 2 (2018): 213–34. http://dx.doi.org/10.1177/1354816618797250.

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The aim of this study is to examine the advertising information learning processes of potential tourists and observe how potential tourists sequentially adjust their perceived reference prices and purchase intentions with different risk preferences and choices with respect to gains (the current price is lower than the consumer’s reference price) or losses (the current price is higher than the reference price). In this study, a Bayesian experiment was conducted to elicit reference prices in the presence of tourism advertising with uncertain information. The findings show that with respect to ga
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No, Han-Jang, Dai-Won Kim, and Jung-Suk Yu. "International Real Estate Review." International Real Estate Review 20, no. 1 (2017): 75–104. http://dx.doi.org/10.53383/100236.

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This study examines whether the reserve prices in court auctions of residential real estate in Seoul, Korea result in reference price effects by influencing the amount of the successful bid. We also explore whether the sensitivity of these reference price effects differ with housing size and assess whether the expected rate of the selling price can be predicted based on the different reserve price levels. The panel data estimates presented herein show that reserve prices positively influence the final property transfer prices; in other words, the reserve prices yield strong reference price eff
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Lowe, Ben, Fanny Chan Fong Yee, and Pamela Yeow. "Price promotions and their effect upon reference prices." Journal of Product & Brand Management 23, no. 4/5 (2014): 349–61. http://dx.doi.org/10.1108/jpbm-01-2014-0485.

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Purpose – The purpose of this study is to resolve inconsistencies in the literature about how one-time price promotions affect reference prices. Specifically, this study suggests that the measure of reference price used within a study (e.g. expected price or fair price) can affect the outcomes of that study. Design/methodology/approach – This research uses three separate experiments, replicating and extending existing work, to simulate purchasing decisions for products in the context of a price promotion. Experiments allow careful control of the confounds presumed to cause the inconsistencies
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A. Majid, Kashef, Andrew Bryant, and Pradeep A. Rau. "“Name your price” – online auctions and reference prices." Journal of Product & Brand Management 23, no. 6 (2014): 420–28. http://dx.doi.org/10.1108/jpbm-06-2014-0626.

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Purpose – This paper aims to investigate the presence of varying price points on the impact of product valuations in both English and reverse auctions on potential bidders, that is, those not yet engaged in the auction. Internet auctions, both English style and reverse, constitute one of the success stories of digital commerce. Design/methodology/approach – As its method of research, this paper uses an experimental approach to explore the effects of multiple reference prices. Findings – While previous research has done well to show that a lower initial price decreases barriers to entry and can
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Dissertations / Theses on the topic "Reference price"

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Kwak, Kyuseop. "Price response in multiple item choice spillover effects of reference price /." Diss., University of Iowa, 2007. http://ir.uiowa.edu/etd/143.

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Lindsey-Mullikin, Joan Marie. "Beyond reference price: The role of unmet price expectations in consumers' perceptions of value." Diss., The University of Arizona, 1999. http://hdl.handle.net/10150/284440.

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This dissertation posits an entirely new approach for understanding the reference price phenomenon. It is proposed that Festinger's (1957) theory of dissonance reduction provides a practical framework for studying situations in which consumers' encountered prices are significantly different from their expectations. The three modes of dissonance reduction initially proposed by Festinger (to change one's attitude or cognition, to seek consonant information, or to trivialize some element of the dissonant relationship) are experimentally manipulated. These three modes of dissonance reduction are t
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Watson, Iain. "Internal reference price formation in support of UK and US grocery retail price decision-making." Thesis, Heriot-Watt University, 2013. http://hdl.handle.net/10399/2630.

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UK and US grocery retailers operate with narrow profit margins; the shelf price of each product sold has a direct affect on these profits. Despite the importance of pricing, grocers adopt sub-optimal risk mitigation tactics rather than profit maximization. Part of a grocer’s perceived pricing risk is their lack of any understanding of customer product price expectation. The academic concept of Internal Reference Price (IRP) represents that price expectation but, despite a large body of research, IRP does not appear to be used in UK or US grocery pricing. This is due in part to academics’ lack
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Lowe, Benjamin, and n/a. "Pricing Strategy and the Formation and Evolution of Reference Price Perceptions in New Product Categories." Griffith University. Griffith Business School, 2006. http://www4.gu.edu.au:8080/adt-root/public/adt-QGU20070221.155102.

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This study examines how pioneer and follower pricing strategies affect the formation and evolution of reference price perceptions in new product categories. It contributes to our understanding of pricing new products by integrating two important research streams in the field of marketing - reference price theory and the theory of pioneer brand advantage. This is the first research to address reference price effects for radically new product categories. Prior research has focused solely on products in existing categories, typically in fast moving consumer goods categories. Using three experimen
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Patil, Ashutosh R. "Essays in regulatory focus and price acceptance." Diss., Georgia Institute of Technology, 2009. http://hdl.handle.net/1853/34692.

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Part one of the thesis studies differential diagnosticity towards substantive extrinsic information available in the environment. This research tests the interaction between regulatory focus and availability of extrinsic-substantive information such as consensus information, on the range of acceptable price. Prior research on regulatory focus led us to two divergent predictions. Our findings lend support to the asymmetric-elaboration account. Under this account, only prevention-oriented consumers are likely to change their acceptable price range if combinations of favorable-and-unfavorable con
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Kumar, Akhil. "Budget-Related Prediction Models in the Business Environment with Special Reference to Spot Price Predictions." Thesis, North Texas State University, 1986. https://digital.library.unt.edu/ark:/67531/metadc331533/.

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The purpose of this research is to study and improve decision accuracy in the real world. Spot price prediction of petroleum products, in a budgeting context, is the task chosen to study prediction accuracy. Prediction accuracy of executives in a multinational oil company is examined. The Brunswik Lens Model framework is used to evaluate prediction accuracy. Predictions of the individuals, the composite group (mathematical average of the individuals), the interacting group, and the environmental model were compared. Predictions of the individuals were obtained through a laboratory experiment i
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Effertz, Cary Marshall. "A Reference Price Model of Sugar Consumption with Implications on Obesity." Thesis, North Dakota State University, 2007. https://hdl.handle.net/10365/29853.

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Obesity has increased dramatically in the past 25 years. The consumption of added sugar has increased significantly during the same time period. Previous research indicates a direct correlation between the consumption of added sugar and the prevalence of obesity. Sugar has been identified in multiple studies as having addictive or opiate-like qualities. Unquestionably, added sugar consumption has contributed to the current obesity epidemic. Here, we apply a reference price economic model to attempt to describe sugar consumption. Using consumption and price data from the Economic Research Servi
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Can, Ayse. "Modeling spatial variation in housing price determinants : with special reference to Columbus, MSA /." The Ohio State University, 1989. http://rave.ohiolink.edu/etdc/view?acc_num=osu1487673114113057.

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Gimpl-Heersink, Lisa, Christian Rudloff, Moritz Fleischmann, and Alfred Taudes. "Integrating Pricing and Inventory Control: Is it Worth the Effort?" SpringerOpen, 2008. http://dx.doi.org/10.1007/BF03342705.

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In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control are substantially increased due to the price dynamics. We also provide some analytical results for this more complex model. We thus conclude that integrated pricing/inventory models could repeat the success of revenue management in practice if reference price effects are included in the demand model an
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Malik, Shahnawaz. "A study of rural poverty in Pakistan with special reference to agricultural price policy." Thesis, University of Sussex, 1992. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.734188.

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Books on the topic "Reference price"

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Davenport, R. J. Davenport's art reference & price guide. [Davenport's Art Reference, 1987.

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Pafik, Marie-Reine A. The sheet music reference & price guide. 2nd ed. Collector Books, 1995.

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King, Constance Eileen. Collecting dolls: Reference and price guide. Antique Collectors' Club, 1997.

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Szulc, Bohdan. The consumer price index reference paper: Update based on 1992 expenditures. Marketing Division, Sales and Service, Statistics Canada [distributor], 1995.

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Szulc, Bohdan. The consumer price index reference paper: Updating based on 1982 expenditures. Statistics Canada, Prices Division, 1985.

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Collectable paperback books: 10,000 prices realized : a new paperback price reference. Glenmoor Pub., 2000.

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Bibangambah, Jossy R. Foundations of agricultural price policy with special reference to producer prices. Uganda Co-operative Alliance, 1989.

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Collectible teapots: A reference and price guide. Krause Publications, 2000.

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Mashburn, J. L. The postcard price guide: A comprehensive reference. 3rd ed. Colonial House, 1997.

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Hockenberry, Dee. Bear memorabilia: A reference and price guide. Hobby House Press, 1992.

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Book chapters on the topic "Reference price"

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Baum, H. "Price-Jones-Kurve." In Springer Reference Medizin. Springer Berlin Heidelberg, 2019. http://dx.doi.org/10.1007/978-3-662-48986-4_2510.

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Hellman, Christina. "The ‘price tag’ on Knowledge Activation in Discourse Processing." In Reference and Referent Accessibility. John Benjamins Publishing Company, 1996. http://dx.doi.org/10.1075/pbns.38.11hel.

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Löffler, Michael, and Wolfgang Gaul. "Multiperiod price optimization in oligopolies considering reference price effects." In Operations Research Proceedings. Springer Berlin Heidelberg, 1997. http://dx.doi.org/10.1007/978-3-642-60744-8_63.

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Resta, Marina. "SOM Variants for the Simulation of Market Price Modeling." In Intelligent Systems Reference Library. Springer International Publishing, 2015. http://dx.doi.org/10.1007/978-3-319-21440-5_4.

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Bambauer-Sachse, Silke, and Laura Massera. "Effects of Price Promotions on Consumers’ Reference Prices: The Role of Contextual Factors and Price Claims." In Rediscovering the Essentiality of Marketing. Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-29877-1_113.

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Garbarino, Ellen, and Robert Slonim. "Effects of Internal Reference Prices and Marketers’ Ability to Influence Which Reference Price Buyers Use." In Developments in Marketing Science: Proceedings of the Academy of Marketing Science. Springer International Publishing, 2014. http://dx.doi.org/10.1007/978-3-319-13078-1_4.

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Leu, Yungho, Chien-Pang Lee, and Chen-Chia Hung. "A Weighted Fuzzy Time Series Based Neural Network Approach to Option Price Forecasting." In Intelligent Systems Reference Library. Springer Berlin Heidelberg, 2011. http://dx.doi.org/10.1007/978-3-642-19820-5_12.

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Alford, Bruce L., and Abhijit Biswas. "A Test of Two Models of Reference Price Effects." In Proceedings of the 1996 Academy of Marketing Science (AMS) Annual Conference. Springer International Publishing, 2014. http://dx.doi.org/10.1007/978-3-319-13144-3_86.

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Mathies, Christine. "Reference Points Beyond Price — Fairness Effects in Customer Choices." In Pricing Perspectives. Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230594890_4.

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Meng, Ke, Zhaoyang Dong, Honggang Wang, and Youyi Wang. "Comparisons of Machine Learning Methods for Electricity Regional Reference Price Forecasting." In Advances in Neural Networks – ISNN 2009. Springer Berlin Heidelberg, 2009. http://dx.doi.org/10.1007/978-3-642-01507-6_93.

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Conference papers on the topic "Reference price"

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Lii, Yuan-Shuh, and Chieh Lun Lin. "The Effects of Product Line Prices and Competitors' Prices on Consumers’ Evaluations of Reference Price Advertisements." In Japan International Business and Management Research Conference. RSF Press & RESEARCH SYNERGY FOUNDATION, 2020. http://dx.doi.org/10.31098/jibm.v1i1.218.

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This study presents empirical evidence on the effect of product-line prices and competitors' prices on consumers' price judgments as well as on consumers' use of advertised reference price (A.R.P.) as reference across two product categories. Using a 2 x 2 x 2 factorial design experiment, the findings indicated that consumers did not consider product line prices as an important reference. Competitors' prices were found to be a significant reference in the case of frequently purchased product categories. The moderating roles of product line prices and competitors' prices in reference price adver
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Wang, Min, and Wen-Sheng Yang. "Optimal Dynamic Pricing of Perishable Products with Reference Price Effect." In 3rd Annual International Conference on Management, Economics and Social Development (ICMESD 17). Atlantis Press, 2017. http://dx.doi.org/10.2991/icmesd-17.2017.90.

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Schlosser, Rainer. "Stochastic Dynamic Pricing with Strategic Customers and Reference Price Effects." In 8th International Conference on Operations Research and Enterprise Systems. SCITEPRESS - Science and Technology Publications, 2019. http://dx.doi.org/10.5220/0007519401790188.

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Zhang, Maolin, Xiangrui Liu, Gaoquan Ma, Mengfei Xie, and Peishan He. "Practice of “Reference Electricity Price + Floating Mechanism” in Yunnan Electricity Market." In 2021 China International Conference on Electricity Distribution (CICED). IEEE, 2021. http://dx.doi.org/10.1109/ciced50259.2021.9556718.

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Ke Meng, Rui Xia, Ting Ji, and Feng Qian. "Electricity reference price forecasting with Fuzzy C-means and Immune Algorithm." In 2007 IEEE Congress on Evolutionary Computation. IEEE, 2007. http://dx.doi.org/10.1109/cec.2007.4424763.

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Liu, Qian, and Song Zheng. "Price and quality competition in a duopoly with reference-dependent preferences." In 2010 7th International Conference on Service Systems and Service Management (ICSSSM 2010). IEEE, 2010. http://dx.doi.org/10.1109/icsssm.2010.5530146.

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Sun, Yi, Felix F. Wu, and Yunhe Hou. "Financing Long-Term Generation Capacity in a Reference Price Oriented Capacity Market." In 2010 43rd Hawaii International Conference on System Sciences. IEEE, 2010. http://dx.doi.org/10.1109/hicss.2010.209.

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Zu, Yafei, Lianghua Chen, and Xiangfei Zeng. "Research on Dynamic Supply Chain Coordination through Advertising with Reference Price Effect." In 2019 5th International Conference on Information Management (ICIM). IEEE, 2019. http://dx.doi.org/10.1109/infoman.2019.8714660.

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"Does Buyer Knowledge of Seller's Initial Purchase Price Impact Housing Prices? A Behavioral Study on Anchoring and Multiple Reference Points." In 9th European Real Estate Society Conference: ERES Conference 2002. ERES, 2002. http://dx.doi.org/10.15396/eres2002_203.

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Chen, Libin, Zhen Huang, and Yongsheng Zhou. "The Impact of Innovative Product Reference Price on the Distribution of Consumers' Willingness to Pay." In 2012 Fifth International Joint Conference on Computational Sciences and Optimization (CSO). IEEE, 2012. http://dx.doi.org/10.1109/cso.2012.44.

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Reports on the topic "Reference price"

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Ciapponi, Agustín. What are the effects of reference pricing and other pharmaceutical pricing and purchasing policies? SUPPORT, 2016. http://dx.doi.org/10.30846/1608143.

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Pharmaceutical pricing and purchasing policies are used to determine or affect the prices that are paid for drugs. This review found evidence for reference pricing, index pricing, and maximum prices. In reference pricing a reference drug is chosen amongst identical or similar medicines or therapeutically equivalent and the price of the reference drug is reimbursed for all the drugs in that group of drugs. For drugs that are more expensive than the reference drug, the patient has to pay the cost above the reference price. An index price is the maximum refundable price to pharmacies for drugs wi
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Eichenbaum, Martin, Nir Jaimovich, and Sergio Rebelo. Reference Prices and Nominal Rigidities. National Bureau of Economic Research, 2008. http://dx.doi.org/10.3386/w13829.

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Bordalo, Pedro, Nicola Gennaioli, and Andrei Shleifer. Memory and Reference Prices: an Application to Rental Choice. National Bureau of Economic Research, 2019. http://dx.doi.org/10.3386/w25650.

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Cao, Shoufeng, Uwe Dulleck, Warwick Powell, Charles Turner-Morris, Valeri Natanelov, and Marcus Foth. BeefLedger blockchain-credentialed beef exports to China: Early consumer insights. Queensland University of Technology, 2020. http://dx.doi.org/10.5204/rep.eprints.200267.

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The BeefLedger Export Smart Contracts project is a collaborative research study between BeefLedger Ltd and QUT co-funded by the Food Agility CRC. This project exists to deliver economic value to those involved in the production, export and consumption of Australian beef to China through: (1) reduced information asymmetry; (2) streamlined compliance processes, and; (3) developing and accessing new data-driven value drivers, through the deployment of decentralised ledger technologies and associated governance systems. This report presents early insights from a survey deployed to Chinese consumer
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MacFarlane, Andrew. 2021 medical student essay prize winner - A case of grief. Society for Academic Primary Care, 2021. http://dx.doi.org/10.37361/medstudessay.2021.1.1.

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As a student undertaking a Longitudinal Integrated Clerkship (LIC)1 based in a GP practice in a rural community in the North of Scotland, I have been lucky to be given responsibility and my own clinic lists. Every day I conduct consultations that change my practice: the challenge of clinically applying the theory I have studied, controlling a consultation and efficiently exploring a patient's problems, empathising with and empowering them to play a part in their own care2 – and most difficult I feel – dealing with the vast amount of uncertainty that medicine, and particularly primary care, pre
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Henderson, Tim, Vincent Santucci, Tim Connors, and Justin Tweet. National Park Service geologic type section inventory: National Capital Region Inventory & Monitoring Network. National Park Service, 2022. http://dx.doi.org/10.36967/2293865.

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Type sections are one of several kinds of stratotypes. A stratotype is the standard (original or subsequently designated), accessible, and specific sequence of rock for a named geologic unit that forms the basis for the definition, recognition, and comparison of that unit elsewhere. Geologists designate stratotypes for rock exposures that are illustrative and representative of the map unit being defined. Stratotypes ideally should remain accessible for examination and study by others. In this sense, geologic stratotypes are similar in concept to biological type specimens, however they remain i
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Nolan, Brian, Brenda Gannon, Richard Layte, Dorothy Watson, Christopher T. Whelan, and James Williams. Monitoring Poverty Trends in Ireland: Results from the 2000 Living in Ireland survey. ESRI, 2002. http://dx.doi.org/10.26504/prs45.

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This study is the latest in a series monitoring the evolution of poverty, based on data gathered by The ESRI in the Living in Ireland Surveys since 1994. These have allowed progress towards achieving the targets set out in the National Anti Poverty Strategy since 1997 to be assessed. The present study provides an updated picture using results from the 2000 round of the Living in Ireland survey. The numbers interviewed in the 2000 Living in Ireland survey were enhanced substantially, to compensate for attrition in the panel survey since it commenced in 1994. Individual interviews were conducted
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NIST Standard Reference Materials program 1998 price list and updated certificate listing. National Institute of Standards and Technology, 1998. http://dx.doi.org/10.6028/nbs.sp.260supp1998.

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Chart showing lithology, mineralogy, and paleontology of the nonmarine North Horn Formation and Flagstaff Member of the Green River Formation, Price Canyon, central Utah a principal reference section. US Geological Survey, 1987. http://dx.doi.org/10.3133/i1797a.

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