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A Model Of Shopping Centers

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  • Kiyoshi Arakawa

Abstract

ABSTRACT In this paper, we propose a model of developers' strategies for tenant mixes and the locations of shopping centers (SCs). Consumers have preferences for product variety, and tenants in the SCs sell differentiated goods. The consumers can choose two shopping behaviors: patronizing one or both of the two SCs. We show that if the consumers have strong preferences for product variety, the SCs agglomerate to free‐ride on the rivals' product varieties, and the consumers patronize both SCs. On the other hand, if consumer preferences are weak, the SCs locate at different locations, and the consumers patronize one of the two SCs.

Suggested Citation

  • Kiyoshi Arakawa, 2006. "A Model Of Shopping Centers," Journal of Regional Science, Wiley Blackwell, vol. 46(5), pages 969-990, December.
    • Handle: RePEc:bla:jregsc:v:46:y:2006:i:5:p:969-990
    DOI: 10.1111/j.1467-9787.2006.00493.x
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    References listed on IDEAS

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    1. Eric D. Gould & B. Peter Pashigian & Canice J. Prendergast, 2005. "Contracts, Externalities, and Incentives in Shopping Malls," The Review of Economics and Statistics, MIT Press, vol. 87(3), pages 411-422, August.
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    Cited by:

    1. Tabuchi, Takatoshi, 2009. "Self-organizing marketplaces," Journal of Urban Economics, Elsevier, vol. 66(3), pages 179-185, November.
    2. Aizawa, Hiroki & Kono, Tatsuhito, 2024. "Quantitative evaluation of benefits of place-based policies for retail agglomeration," MPRA Paper 120113, University Library of Munich, Germany.
    3. Hiroki Aizawa & Tatsuhito Kono, 2025. "How Should Place‐Based Policies Be Designed to Efficiently Promote Retail Agglomeration?," Journal of Regional Science, Wiley Blackwell, vol. 65(5), pages 1423-1448, November.
    4. Li Zhou, 2014. "Commercial Revitalization In Low-Income Urban Communities: The Holdup Problem And Urban Development Policy," Contemporary Economic Policy, Western Economic Association International, vol. 32(3), pages 545-559, July.
    5. Kentaro Nakajima & Kensuke Teshima, 2018. "Identifying Neighborhood Effects among Firms: Evidence from Location Lotteries of the Tokyo Tsukiji Fish Market," 2018 Meeting Papers 575, Society for Economic Dynamics.
    6. Li Zhou, 2012. "Commercial Revitalization in Low-Income Urban Communities: General Tax Incentives vs. Direct Incentives to Developers," Working Papers 2012-04, University of Alberta, Department of Economics.
    7. David Leung & Peng Liu & Tingyu Zhou, 2024. "Competition, agglomeration, and tenant composition in shopping malls," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(2), pages 552-576, March.
    8. Productivity Commission, 2008. "The Market for Retail Tenancy Leases in Australia," Inquiry Reports, Productivity Commission, Government of Australia, number 43, January.

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