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Many societies aim to design policies based on meritocratic fairness, which involves two principles: (i) paying individuals with equal performance equally (fair equality) and (ii) paying individuals with higher performance more (fair inequality). Yet, often it is impossible to respect both...
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Given the increasing sensitivity of buyers in the richer countries towards quality of goods they consume, low-quality exports largely constrain export-growth of the developing countries. This element documents the attempts to estimate cross-country quality variations and reviews the demand and...
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