propositions are derived froma simple theoretical model and investigated empirically for the retail gasoline market of Vienna …, Austria.We compute a measure of network centrality based on the locations of gasoline stations in the road network. Results … from a spatial autoregressive model show that prices of gasoline stations are more strongly correlated with prices of …

We propose a random effects panel data model with both spatially correlated error components and spatially lagged … spatial effects (spatial error correlation and spatial lag dependence). We then provide LM tests for the individual random …

This paper considers the problem of prediction in a panel data regression model with spatial auto-correlation in the … context of a simple demand equation for liquor. This is based on a panel of 43 states over the period 1965-1994. The spatial … auto-correlation due to neighboring states and the individual heterogeneity across states is taken explicitly into account …