The Journal of Real Estate Finance and Economics

, Volume 27, Issue 3, pp 321–333 | Cite as

Inter-Center Retail Externalities

  • Luis C. Mejia
  • Mark J. Eppli


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.

inter-center inter-store retail shopping center mail sales market share 


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Copyright information

© Kluwer Academic Publishers 2003

Authors and Affiliations

  • Luis C. Mejia
    • 1
  • Mark J. Eppli
    • 2
  1. 1.Fannie MaeWashington, D.C
  2. 2.Department of FinanceMarquette UniversityMilwaukee

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