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Álvaro Muñiz

Biographic Data

ID6856244
NAMEÁlvaro Muñiz
GIVEN NAMESÁlvaro
FAMILY NAMEMuñiz
SIGNATUREMUNIZ A
AFFILIATIONSUniversidad de Oviedo
ORCID0000-0003-4148-0816
VERIFIEDYes
TOTAL WORKS4
TOTAL CITATIONS0
WORKS AS AUTHOR4
WORKS AS EDITOR0
FIRST PUBLICATION YEAR2023
LATEST PUBLICATION YEAR2026
H-INDEX0
  • The Compatriot Win Effect and Behavioural Biases in Lottery Markets

    Open Access•David Boto‐garcía, Álvaro Muñiz et al.•ARTICLE•Oxford Bulletin of Economics and…•2026

    This paper presents evidence to support the compatriot win effect as a behavioural bias in lottery demand. We exploit the quasi‐random assignment of the jackpot prize across provinces in the Christmas draw of the Spanish National Lottery to examine whether lottery sales increase in jackpot‐winning provinces in subsequent draws. Using difference‐in‐differences with staggered treatment timing, we present robust evidence that lottery sales in provin…

  • Political instability and housing investment

    Open Access•Álvaro Muñiz, Álvaro Muñiz-Fernández et al.•ARTICLE•Economia Politica•2026•References: 15

    This paper examines the impact of political uncertainty on housing investment using the Catalan secessionist conflict as a case study. We study how institutional instability in the form of political conflict affects housing purchases by local residents, residents in other Spanish provinces, and non-residents in Spain (those living abroad). We also evaluate effects by nationality and by housing typology. Applying synthetic difference-in-difference…

  • Household structure decisions and positive wealth shocks

    Open Access•Leví Pérez, Álvaro Muñiz•ARTICLE•Journal of Demographic Economics•2025

    This paper explores whether a positive unexpected exogenous (unearned) wealth shock affects household structure decisions in different Spanish regions. The Christmas draw of the Spanish National Lottery is used in a natural experiment as a proxy for exogenous random variations in provincial wealth. A static and dynamic linear panel event-study design allows for control of changing economic and demographic conditions at the province level and the …

  • The market for EuroMillions

    Open Access•Álvaro Muñiz, Leví Pérez•ARTICLE•Economia Politica•2023•References: 2

    Multi-country (state) lottery markets have emerged worldwide as an attempt to revert the decline in lottery sales. These markets allow operators to offer appealing large prizes by combining the markets of separate lottery jurisdictions. An analysis of EuroMillions’ jackpot sharing among countries of different market size shows that some countries tend to claim higher jackpots and achieve higher payout rates, while others seem to be systematically…

No prominent works on this page.

  • The market for EuroMillions

    Open Access•Álvaro Muñiz, Leví Pérez•ARTICLE•Economia Politica•2023•References: 2

    Multi-country (state) lottery markets have emerged worldwide as an attempt to revert the decline in lottery sales. These markets allow operators to offer appealing large prizes by combining the markets of separate lottery jurisdictions. An analysis of EuroMillions’ jackpot sharing among countries of different market size shows that some countries tend to claim higher jackpots and achieve higher payout rates, while others seem to be systematically…

  • Household structure decisions and positive wealth shocks

    Open Access•Leví Pérez, Álvaro Muñiz•ARTICLE•Journal of Demographic Economics•2025

    This paper explores whether a positive unexpected exogenous (unearned) wealth shock affects household structure decisions in different Spanish regions. The Christmas draw of the Spanish National Lottery is used in a natural experiment as a proxy for exogenous random variations in provincial wealth. A static and dynamic linear panel event-study design allows for control of changing economic and demographic conditions at the province level and the …

  • The Compatriot Win Effect and Behavioural Biases in Lottery Markets

    Open Access•David Boto‐garcía, Álvaro Muñiz et al.•ARTICLE•Oxford Bulletin of Economics and…•2026

    This paper presents evidence to support the compatriot win effect as a behavioural bias in lottery demand. We exploit the quasi‐random assignment of the jackpot prize across provinces in the Christmas draw of the Spanish National Lottery to examine whether lottery sales increase in jackpot‐winning provinces in subsequent draws. Using difference‐in‐differences with staggered treatment timing, we present robust evidence that lottery sales in provin…

  • Political instability and housing investment

    Open Access•Álvaro Muñiz, Álvaro Muñiz-Fernández et al.•ARTICLE•Economia Politica•2026•References: 15

    This paper examines the impact of political uncertainty on housing investment using the Catalan secessionist conflict as a case study. We study how institutional instability in the form of political conflict affects housing purchases by local residents, residents in other Spanish provinces, and non-residents in Spain (those living abroad). We also evaluate effects by nationality and by housing typology. Applying synthetic difference-in-difference…

Economics (3 works) · Lottery (3 works) · Microeconomics (3 works) · Gambling Behavior and Treatments (2 works) · Sports Analytics and Performance (2 works) · Archaeology (1 work) · Catalan (1 work) · Consumer Market Behavior and Pricing (1 work) · Culture, Economy, and Development Studies (1 work) · Demographic economics (1 work)

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