How Critical Is a Good Location to a Regional Shopping Center?

Mark J. Eppli () and James D. Shilling ()
Additional contact information
Mark J. Eppli: George Washington University Department of Finance 540 Lisner Hall 2023 G Street, NW Washington, D.C. 20052, http://www.sbpm.gwu.edu/depts/fin/default.htm
James D. Shilling: University of Wisconsin Department of Real Estate and Urban Land Economicsa 5262 Grainger Hall 975 University Avenue Madison, Wisconsin 53706-1323, http://wiscinfo.doit.wisc.edu/bschool/dept/re.htm

Journal of Real Estate Research, 1996, vol. 12, issue 3, 459-468

Abstract: The goal of this paper is to empirically measure the consumer utility tradeoff between store location (i.e., distance to a shopping center) and retail agglomeration in regional shopping centers. Using the Lakshmanan and Hansen retail expenditure model, our findings reveal that the distance specification is of surprisingly little importance in explaining retail sales. Conversely, agglomeration economies were of significant importance in explaining consumer patronage at regional shopping centers. The implication of these results is that smaller regional shopping centers may be dominated by large super-regional shopping centers with the smaller one or two anchor regional shopping centers unable to compete with the larger, many-anchored super-regional shopping centers.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1996
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol12n03/v12p459.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:12:n:3:1996:p:459-468

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().