Believe or not believegeneralising the Azzi-Ehrenber model
- Lorca Corrons, Alejandro
- Gourlay, Adrian
- Brañas-Garza, Pablo
- Rodero-Cosano, Javier
ISSN: 2340-6704, 0210-0266
Datum der Publikation: 2002
Ausgabe: 25
Nummer: 69
Seiten: 33-44
Art: Artikel
Andere Publikationen in: Cuadernos de economía: Spanish Journal of Economics and Finance
Zusammenfassung
This paper presents an economic model of consumer behaviour within a religious framework. The individual is defined as being religious so, for him God exists with absolute certainty. We distinguish two separate aims of the individual: human welfare and spiritual welfare. Joint maximisation of these two targets subject to time and budgetary constraints yields a solution in which the optimal values of consumption and religiosity are obtained. Allowance is also given to the compulsory payment of a religious tax. We show that the shape of the interchange curve between these two optimal values depends upon the relative shapes of the human welfare and spiritual welfare functions.