Agglomeration Risk in Retail Shopping Centers

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dc.contributor.authorEppli, Mark J.-
dc.contributor.authorCho, Hoon-
dc.contributor.authorShilling, James D.-
dc.date.accessioned2008-11-28T02:21:25Z-
dc.date.available2008-11-28T02:21:25Z-
dc.date.issued2008-11-
dc.identifier.citationKAIST Business School Working Paper Series KBS-WP-2008-014en
dc.identifier.urihttp://www.ssrn.com/link/KAIST-Business-School.html-
dc.identifier.urihttp://ssrn.com/abstract=1297161-
dc.identifier.urihttp://hdl.handle.net/10203/7922-
dc.description.abstractThe 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.en
dc.language.isoen_USen
dc.publisherThe Social Science Research Network(SSRN)en
dc.subjectagglomerationen
dc.subjectrisken
dc.subjectretail shopping centersen
dc.titleAgglomeration Risk in Retail Shopping Centersen
dc.typeArticleen
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KGSF-Journal Papers(저널논문)
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