Like the inhabitants of the city Leonia, according to Italo Calvino, we live the era of consumerism and the exacerbated production of garbage. The problem of excessive waste from bulimic consumption has resulted in the emergence of recyclable waste pickers, who are supposed to have their...

We present a general equilibrium model where profit-maximizing firms and non-profit organizations coexist, and the people’s propensity to devote efforts to non-profit activities increases with the stock of social capital. In its turn, the formation of social capital is stimulated by an...

In this paper we compare the costs of two regulatory policies about the entry of new firms. We consider an incumbent firm that has more information about the market demand than the regulator. Then, the incumbent firm can use this advantage to persuade the regulator to make entry more difficult....