{"id":125008,"date":"2024-01-23T09:27:06","date_gmt":"2024-01-23T08:27:06","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/125008\/"},"modified":"2025-10-22T22:09:18","modified_gmt":"2025-10-22T20:09:18","slug":"network-centrality-and-market-prices-empirical-evidence-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/125008\/","title":{"rendered":"Network Centrality and Market Prices: Empirical Evidence"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-125008","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"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 \u2013 defined as the 1-median location \u2013 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.","onlinedate":"2016-02-01 01:00:00","lang":"English","publication_series":"","publication_date":"20160201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Network centrality; Spatial competition; Retail markets; Gasoline prices\"]","jelcodes":"[\"C21\",\"D43\",\"L11\",\"L81\",\"R12\"]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S016517651500498X","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"139","monthly_report_pages":"79-83","monthly_report_pages_sort":"79","issue":"","journal":"Economics Letters","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3481],"collaboration":"","persons":[3724,3781,13449],"persons_data":"[{\"personId\":3724,\"personName\":\"Matthias Firgo\",\"organisationNames\":[]},{\"personId\":3781,\"personName\":\"Dieter Pennerstorfer\",\"organisationNames\":[]},{\"personId\":13449,\"personName\":\"Christoph R. Weiss\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Network Centrality and Market Prices: Empirical Evidence - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/125008\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Network Centrality and Market Prices: Empirical Evidence\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/125008\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-22T20:09:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/125008\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/125008\\\/\",\"name\":\"Network Centrality and Market Prices: Empirical Evidence - 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