Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners’...

Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMWto lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors.Consistent with the life-cycle hypothesis, the effects on winners’...

In the Dutch Postcode Lottery a postal code (19 households on average) is randomly selected weekly, and prizes –consisting of cash and a new BMW-- are awarded to lottery participants living in that postal code. On average, this generates a temporary, unexpected income shock equal to about...

Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners'...

In the Dutch Postcode Lottery a postal code (19 households on average) is randomly selected weekly, and prizes - consisting of cash and a new BMW - are awarded to lottery participants living in that postal code. On average, this generates a temporary, unexpected income shock equal to about eight...

In the Dutch Postcode Lottery a postal code (19 households on average) is randomly selected weekly, and prizes Ðconsisting of cash and a new BMW-- are awarded to lottery participants living in that postal code. On average, this generates a temporary, unexpected income shock equal to about eight...

We develop an empirical discrete choice interaction model with a finite number of agents. We characterize its equilibrium properties - in particular the correspondence between the interaction strength, the number of agents, and the set of equilibria - and propose to estimate the model by means...

In this paper we identify the lines along which social ties between high school teenagers are primarily formed. To this end, we introduce interaction weights between pupils in the same school class that are a function of exogenous individual background characteristics, like gender, ethnicity,...