Bonatti, Luigi - Dipartimento di Economia e Management, Università … - 2007
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 increase in the aggregate volume of non-profit activities. Therefore, a public … organizations via its positive impact on the accumulation of social capital. Within this framework, we analyze the optimal policies …