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Network Centrality and Market Prices. An Empirical Note

Matthias Firgo, Dieter Pennerstorfer () and Christoph Weiss ()

No 503, WIFO Working Papers from WIFO

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 behaviour and further find that the importance of centrality increases with market size.

Keywords: Network Centrality; Spatial Competition; Retail Markets; Gasoline Prices (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-net
Date: 2015-09-28
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Related works:
Journal Article: Network centrality and market prices: Empirical evidence (2016) Downloads
Working Paper: Network Centrality and Market Prices: An Empirical Note (2015) Downloads
Working Paper: Network Centrality and Market Prices: An Empirical Note (2015) Downloads
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