After two years of highly dynamic growth in Austria, the global slowdown impacted in 2012 when Austria's economy managed just a relatively minor increase of its real GDP (+0.8 percent). With a few exceptions, all the economic sectors reported value-added growth rates lower than those of the...

Die Konjunktureintrübung in Österreich bestimmte 2012 auch die regionale Wirtschaftsentwicklung. Mit wenigen Ausnahmen verzeichneten alle Sektoren Wachstumseinbußen; die Industrie, die von der jüngsten Konjunkturerholung am meisten profitiert hatte, litt besonders unter dem Nachlassen der...

Die Konjunktureintrübung in Österreich bestimmte 2012 auch die regionale Wirtschaftsentwicklung. Mit wenigen Ausnahmen verzeichneten alle Sektoren Wachstumseinbußen; die Industrie, die von der jüngsten Konjunkturerholung am meisten profitiert hatte, litt besonders unter dem Nachlassen der...

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...

Gross value added grew at a slow rate everywhere in Austria, due to the fact that exports, the traditional drivers of growth, failed as propellant. The brightening of national and international prospects in the second half of the year helped industrial regions, gaining them a slight growth edge...

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 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...