Inter-center Retail Externalities

Luis C Mejia and Mark J Eppli

The Journal of Real Estate Finance and Economics, 2003, vol. 27, issue 3, 33 pages

Abstract: This paper empirically examines inter-center externalities in regional shopping centers. Specifically, we use a non-linear retail share model to measure the impact that department store size and image in subject and competitive centers have on subject center in-line retail sales. Our findings reveal that department store size and image attributes have a significant and non-linear impact on subject center sales. More importantly, the results show that the effect of department store fashion image dominates that of department store size. Copyright 2003 by Kluwer Academic Publishers

Date: 2003
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