Firgo, Matthias, Pennerstorfer, Dieter, Weiss, Christoph. 2015. Network Centrality and Market Prices: An Empirical Note. WIFO Working Paper, No 503.

RIS

@MISC{Firgo2015,
title = {Network Centrality and Market Prices: An Empirical Note},
author = {Matthias Firgo and Dieter Pennerstorfer and Christoph Weiss},
year = {2015},
url = {http://www.wifo.ac.at/jart/prj3/wifo/resources/person_dokument/person_dokument.jart?publikationsid=58403&mime_type=application/pdf},
language = {EN},
series = {WIFO Working Paper, No 503},
abstract = {We empirically investigate the importance of centrality (holding a central position in a spatial network) for strategic interaction in pricing for the Austrian retail gasoline market. Results from spatial autoregressive models suggest that the gasoline station located most closely to the market center - defined as the 1-median location - exerts the strongest effect on pricing decisions of other stations. We conclude that centrality influences firms' pricing behavior and further find that the importance of centrality increases with market size.},
}