Firgo, Matthias, Pennerstorfer, Dieter, Weiss, Christoph. 2016. Network Centrality and Market Prices: Empirical Evidence. Economics Letters 139, 79-83.
BibTeX
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.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Economics Letters |
Citation Index | SSCI |
WU Journalrating 2009 | A |
WU-Journal-Rating new | FIN-A, STRAT-B, VW-B, WH-B |
Language | English |
Title | Network Centrality and Market Prices: Empirical Evidence |
Volume | 139 |
Year | 2016 |
Page from | 79 |
Page to | 83 |
Reviewed? | Y |
URL | http://dx.doi.org/10.1016/j.econlet.2015.11.032 |
DOI | http://dx.doi.org/10.1016/j.econlet.2015.11.032 |
JEL | C21, D43, L11, L81, R12 |
Associations
- Projects
- Price Dispersion in Space: Evidence from Micro-Data on the Austrian Gasoline Market
- People
- Firgo, Matthias (Former researcher)
- Pennerstorfer, Dieter (Former researcher)
- Weiss, Christoph (Details)
- Organization
- Institute for Economic Policy and Industrial Economics IN (Details)
- Research areas (Ă–STAT Classification 'Statistik Austria')
- 5300 Economics (Details)
- 5370 Industrial economics (Details)
- 5618 Regional economy (Details)