The structural failures of the heavenly markets
Bibliographic Data
| ID | 5722116 |
|---|---|
| Authors | Christopher W Young (Seton Hall University, USA; Tinari Economics Group, USA, corresponding author), Wayne Eastman (0000-0001-9960-8777, Rutgers, the State University of New Jersey) |
| Year | 2013 |
| Volume | 25 |
| Issue | 1 |
| Pages | 41-89 |
| Publication date | 2013-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Rationality and Society (JOURNAL) |
| Journal identifiers | ISSN: 1043-4631 • E-ISSN: 1461-7358 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/1043463112473737 |
| OpenAlex | W2329172382 |
| Language | EN |
| References cited | 18 |
Previous scholarship analyzing cross-sectional international data has noted that religious monopolies impede the efficiency of religious markets and that the benefits of competitive markets apply in religion as elsewhere. Our paper, analyzing U.S. state-level data, is premised on the complementary point that competitive markets in religion as elsewhere may fail if there are externalities, public goods, or asymmetries in information. In our model, we hypothesize that perfect competition will foster forms of religion that fail to create positive externalities and that in turn engender doubts about religious faith. We test empirically the Iannaccone hypothesis that more religious competition/diversity engenders more religious faith and our contrary hypothesis using state-level data showing overall levels of religious competition among Protestants provokes less religious faith
Economics · Epistemology · Externality · Faith · Microeconomics · Neoclassical economics · Panel data · Political science · Positive economics · Public good · Religious diversity · Scholarship · Sociology · Culture, Economy, and Development Studies · Law · Religion and Society Interactions · Religion, Society, and Development
The churching of America, 1776-1990
Sacred Trust
Warming the World
The Economics of Climate Change
Bowling alone
The Calculus of Consent
The challenge of pluralism
Capitalism, Socialism and Democracy
Household Allocation of Time and Church Attendance
Privatizing the Church
The Consequences of Religious Market Structure
Regulation, Pluralism, and Religious Market Structure
Divided We Stand, United We Fall
Religion and Economy
Religious Pluralism and Participation
A Preliminary Time Series Analysis of Church Activity in Colonial Woodbury, Connecticut
| Highly cited | No |
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