The Smeed report of 1964, which Thomson drafted, argued in favour of the development of pricing methods.
For example, much of the growth in markets, such as credit derivatives, would not be possible without the development of pricing benchmarks such as the LIBOR swap curve.
The scenarios provided in Abildtrup et al. (2006) provide a detailed and comprehensive development of prices and costs for different agricultural activities under the four global change scenarios.
The experience from the bus industry indicates that this effect is linked to the introduction of competitive tendering, and that the future development of prices will follow the cost index [11].
The RPI measures the development of prices of goods and services consumed in Spain [ 12].
Hence, it follows that the depreciations in the cost calculation of the energy sector rise and thus accelerate the development of prices.
This approach is in line with the standard international approach to modelling future resource requirements with health system change, which is described as follows: "The general approach would be to assume that persons of different age groups would use a certain amount of services over a given period, and also to make certain assumptions regarding the development of prices over time.
It also illustrates how the European Union has moved to emphasize rural development instead of price support and production incentives, and in the process has decentralized the system, giving countries more discretion over the dispersal of subsidies.
They adopt different world views and, therefore, have different assumptions about the development of oil prices, and food prices, et cetera [ 28].
Furthermore, the energy sector can include additional criteria – e.g. the development of the price for electricity on the stock exchange – and, accordingly, further mark-ups in the price setting.
