Public choice, 2010-12, Vol.145 (3/4), p.483-502
2010
Details
- Autor(en) / Beteiligte
- Titel
- The invisible hand plays dice: multiple equilibria in sects markets
- Ist Teil von
- Public choice, 2010-12, Vol.145 (3/4), p.483-502
- Ort / Verlag
- Boston: Springer
- Erscheinungsjahr
- 2010
- Link zum Volltext
- Quelle
- EBSCOhost Business Source Ultimate
- Beschreibungen/Notizen
- 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. We study a religious market where both demand and supply of spiritual services are endogenous. Such markets may have multiple equilibria. Further, equilibria with more sects result in higher welfare and lower membership costs, as secular societies tend to host on average more demanding sects.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0048-5829eISSN: 1573-7101DOI: 10.1007/s11127-009-9576-yTitel-ID: cdi_proquest_miscellaneous_837452610
- Format
- –
- Schlagworte
- Attitudes, Average cost, Consumer equilibrium, Cultural differences, Economic models, Economic theory, Economics, Economics and Finance, Equilibrium, Equilibrium theory, Europe, Islam, Market equilibrium, Markets, Membership, Political attitudes, Political Science, Population, Protestant Reformation, Public Finance, Regulation, Religion, Religious congregations, Sectarianism, Sects, Secularism, Services, Spirituality, Studies, Supply, Supply and demand, U.S.A, Welfare, Willingness to pay