This paper highlights the importance of "centrality" for pricing. Firms characterised by a more central position in a spatial network are more powerful in terms of having a stronger impact on their competitors' prices and on equilibrium prices. These propositions are derived from a simple...

We use two waves of census data with detailed farm characteristics for the total population of Austrian farms to examine the causal effect of agritourism on farm survival. To account for self-selection into agritourism, we use regional variation in tourism intensity that is exogenous to...

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...

We investigate how consumer information affects price adjustment in the Austrian retail gasoline market. Our measure of consumer information is obtained from detailed census data on commuting behavior, as commuters can freely sample prices on their commuting route and are thus better informed...

Die wirtschaftliche Entwicklung in Deutschland ist mit hoher Dynamik in das Jahr 2011 gestartet. Vieles spricht derzeit dafür, dass das Jahr 2011 mit einer Zunahme des BIP von 2,7 % ein Jahr des Aufschwungs sein wird. Dabei wird sowohl die Binnen- als auch die Auslandsnachfrage die Konjunktur...

The German economy entered the year 2011 buoyantly. The upswing is expected to continue throughout 2011 with GDP increasing at an average rate of 2.7%. Both internal and external demand will drive the economy. In the course of the forecast horizon, however, economic activity will become less...

Die deutsche Wirtschaft ist im Jahr 2012 nur schwach gewachsen. Das Bruttoinlandsprodukt (BIP) stieg im Jahresdurchschnitt um 0,7 %, im Jahresverlauf sogar nur 0,4 %. Die Aussichten für den Prognosezeitraum sind verhalten optimistisch. Die Weltkonjunktur wird sich vorerst nur allmählich...

The German economy achieved only a weak growth performance in 2012. GDP grew by 0.7 % on annual averages and by just 0.4 % over the course of the year. The prospects during the forecast period are mildly optimistic. The global economy will initially pick up only slowly, but the growth dynamic is...

In this article, we analyze competition for agricultural land as an important, scarce and immobile input. The cost of cultivating a parcel of land depends strongly on the distance from the farmer to the plot, leading to spatially small land markets. To investigate this issue, we are able to use...