A Bayesian heterogeneous coefficients spatial autoregressive panel data model of retail fuel duopoly pricing
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چکیده
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A Bayesian heterogeneous coefficients spatial autoregressive panel data model of retail fuel duopoly pricing
We apply a heterogenous coefficient spatial autoregressive panel model to explore competition/cooperation by duopoly pairs of German fueling stations in setting prices for diesel and E5 fuel. We rely on a Markov Chain Monte Carlo (MCMC) estimation methodology applied with non-informative priors, which produces estimates equivalent to those from (quasi-) maximum likelihood. We explore station-le...
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ژورنال
عنوان ژورنال: Regional Science and Urban Economics
سال: 2017
ISSN: 0166-0462
DOI: 10.1016/j.regsciurbeco.2016.11.003