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We analyze below-cost pricing in retail markets and examine its impact on social welfare as well as on suppliers' incentives to invest in quality. Considering negotiations about a linear wholesale price between the retailer and her suppliers, we find that below-cost pricing aggravates the double...
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Can cash transfers promote employment and reduce poverty in rural Africa? Will lower youth unemployment and poverty … monitoring and accountability, most youth invest the transfer in vocational skills and tools. Second, the economic impacts of the … poor access to credit is a major reason youth cannot start these vocations in the absence of aid. Much of the heterogeneity …
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