Agglomeration Risk in Retail Shopping Centers

The present study is an attempt to quantify the agglomeration risk in retail shopping centers. We accept that consumers are attracted to a shopping center in proportion to the mass of the anchor tenant. Nonetheless we feel it important to allow this attraction to be stochastic with its time varying nature governed by a geometric Brownian motion. We then proceed to estimate the underlying stochastic correlation between the anchor and non-anchor tenants at a shopping center using a panel database of US regional and super-regional shopping centers. We conclude that retail agglomeration risks in retail shopping centers are significant, too significant to be ignored.
Publisher
The Social Science Research Network(SSRN)
Issue Date
2008-11
Keywords

agglomeration; risk; retail shopping centers

Citation

KAIST Business School Working Paper Series KBS-WP-2008-014

URI
http://hdl.handle.net/10203/7922
Link
http://www.ssrn.com/link/KAIST-Business-School.html
Link
http://ssrn.com/abstract=1297161
Appears in Collection
KGSF-Journal Papers(저널논문)
Files in This Item
ssrn.pdf(56.97 kB)Download
  • Hit : 389
  • Download : 123
  • Cited 0 times in thomson ci

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0