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Network Centrality and Market Prices: An Empirical NoteFirgo, Matthias, Pennerstorfer, Dieter, Weiss, Christoph 09 1900 (has links) (PDF)
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. (authors' abstract) / Series: Department of Economics Working Paper Series
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Network Centrality and Market Prices: Empirical EvidenceFirgo, Matthias, Pennerstorfer, Dieter, Weiss, Christoph 02 1900 (has links) (PDF)
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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Price Divergence in the Gasoline Store Industry: Theoretical and Empirical ConsiderationsAlcaraz, Rafael January 2000 (has links)
No description available.
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