||In this thesis I describe the behavior of religious markets and some of their specifics. I try to describe the effects of inclusion of labor into the price of religious goods, religious human and social capital, product bundling and religious portfolio diversification. I present a microeconomic model to demonstrate some of these characteristics. I also describe the religious market structures and consequences of their presence. Moreover, I present four econometric models for verification of some of the assumption. It also gives me an opportunity to go deeper into the properties of religious markets and confront my findings with the findings of other researchers in this area and with the presumptions of secularization hypothesis.