This study examined the effect of a new Walmart store on nearby U.S. urban land prices and found that, within one quarter mile of a new Walmart store locale, land prices increased by almost 39% over the four-year development time period. Supercenters and commercial land sales were instrumental in driving the positive price effects. Robustness tests found a positive land price effect with other big-box stores, suggesting that the land price effect was not limited to Walmart stores, but in fact, was a big-box store effect.
机构:
Univ Toronto, Polit Sci, Sidney Smith Hall,Room 3018,100 St George St, Toronto, ON M5S 3G3, CanadaUniv Toronto, Polit Sci, Sidney Smith Hall,Room 3018,100 St George St, Toronto, ON M5S 3G3, Canada
机构:
Xi An Jiao Tong Univ, Sch Management, State Key Lab Mfg Syst Engn, Key Lab Minist Educ Proc Management & Efficiency E, Xian, Shaanxi, Peoples R ChinaXi An Jiao Tong Univ, Sch Management, State Key Lab Mfg Syst Engn, Key Lab Minist Educ Proc Management & Efficiency E, Xian, Shaanxi, Peoples R China
Lei, Bozhuang
Li, Gang
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机构:
Xi An Jiao Tong Univ, Sch Management, State Key Lab Mfg Syst Engn, Key Lab Minist Educ Proc Management & Efficiency E, Xian, Shaanxi, Peoples R ChinaXi An Jiao Tong Univ, Sch Management, State Key Lab Mfg Syst Engn, Key Lab Minist Educ Proc Management & Efficiency E, Xian, Shaanxi, Peoples R China
Li, Gang
Cheng, T. C. E.
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机构:
Hong Kong Polytech Univ, Dept Logist & Maritime Studies, Kowloon, Hung Hom, Hong Kong 999077, Peoples R ChinaXi An Jiao Tong Univ, Sch Management, State Key Lab Mfg Syst Engn, Key Lab Minist Educ Proc Management & Efficiency E, Xian, Shaanxi, Peoples R China
Cheng, T. C. E.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE,
2024,
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