Firgo, Matthias, Pennerstorfer, Dieter, Weiss, Christoph. 2016. Network Centrality and Market Prices: Empirical Evidence. Economics Letters 139, 79-83.

RIS

@ARTICLE{Firgo2016,
title = {Network Centrality and Market Prices: Empirical Evidence},
author = {Matthias Firgo and Dieter Pennerstorfer and Christoph Weiss},
year = {2016},
doi = {http://dx.doi.org/10.1016/j.econlet.2015.11.032},
url = {http://dx.doi.org/10.1016/j.econlet.2015.11.032},
volume = {139},
language = {EN},
pages = {79-83},
journal = {Economics Letters},
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.},
}