Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/129052 
Year of Publication: 
2015
Series/Report no.: 
WIFO Working Papers No. 503
Publisher: 
Austrian Institute of Economic Research (WIFO), Vienna
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.
Subjects: 
Network Centrality
Spatial Competition
Retail Markets
Gasoline Prices
Document Type: 
Working Paper

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