The invisible hand plays dice : eventualities in religious markets

dc.creator	Poutvaara, Panu
dc.creator	Wagener, Andreas
dc.date	2004
dc.date.accessioned	2013-10-16T07:01:47Z
dc.date.available	2013-10-16T07:01:47Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/18877
dc.identifier	ppn:393376001
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18877
dc.description	Religious participation is much more widespread in the United States than in Europe, while Europeans tend to view sects more suspiciously than Americans. We propose an explanation for these patterns without assuming differences in preferences or market fundamentals. Religious markets may have multiple equilibria, suggesting that observed differences in religious structures may merely be eventualities. Further, equilibria with more sects result in higher welfare and lower membership costs, as secular societies tend to host on average more demanding sects. Our main methodological contribution to the theory of religious markets is endogenizing simultaneously supply and demand of spiritual services.
dc.language	eng
dc.publisher
dc.relation	CESifo working papers 1238
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	D71
dc.subject	J24
dc.subject	L89
dc.subject	Z12
dc.subject	ddc:330
dc.subject	sects
dc.subject	religion
dc.subject	tithes
dc.subject	religious markets
dc.subject	Religionsgemeinschaft
dc.subject	Religion
dc.subject	Marktmechanismus
dc.subject	Theorie
dc.title	The invisible hand plays dice : eventualities in religious markets
dc.type	doc-type:workingPaper

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