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Their prices have risen and fallen in step in recent years (see chart).Wine experts usually explain price movements by supply-side factors such as the effects of the weather and age, but research by Serhan Cevik and Tahsin Saadi Sedik, economists at the IMF, finds that supply has only a small impact on prices.
Rotemberg and Saloner (1987) explain price rigidity by formulating the menu costs theory.
Thus chain differentiation and search frictions might explain price dispersion in grocery markets.
Wildenbeest (2011) introduces vertical product differentiation and search costs to explain price dispersion in the grocery retail industry.
This empirical evidence suggests that both search frictions and chain differentiation help explain price dispersion in Spanish grocery markets.
From an economic standpoint, there are two approaches to explain price building for pharmaceuticals and for the assessment of functionality as well as appropriateness of negotiation criteria.
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As the Tories go on to explain, prices are allowed to rise - but only in line with inflation.
As the Tories go on to explain, prices may rise but the policy would ensure the only increases are those pegged to inflation.
Their hedonic regressions explain prices as a function of quality indexes, constructed from a comprehensive set of 35 observed characteristics, in order to avoid the collinearity problems common to this methodology (Pakes 2003).
"People were moving from rural communities – perhaps centred round a stately home – and moving into the city," explains Price.
They can be particularly helpful, explains Price, for smaller core culture organisations that are open to collaborations but don't have the headspace, the capacity nor the time to actually think of those innovative ways of working.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com