An econometric-spatial analysis of the growth and decline of shopping centers
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Abstract:

AbstractUsing a model which is based in large part on the Eaton and Lipsey theory of central places and its implications, we examine empirically why the internal composition of shopping centers might change over time and how such changes might be due to competition from neighboring centers in the city. Through regression analysis of data on the locations and internal compositions of shopping centers in Edmonton, Alberta over a 19-year period, we find that changes in a shopping center's store count depend on certain shopping center characteristics, particularly changes in excess capacity, which in turn depend on changes in a center's market area brought about by new competition.

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