(), Dieter Pennerstorfer
() and Christoph R. Weiss
Matthias Firgo: Austrian Institute of Economic Research (WIFO)
Dieter Pennerstorfer: Department of Economics, Vienna University of Economics and Business; Austrian Institute of Economic Research (WIFO)
Christoph R. Weiss: Department of Economics, Vienna University of Economics and Business
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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