| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12216 |
| DP12216 Shopping externalities and retail concentration: Evidence from Dutch shopping streets | |
| Hans Koster; Jos van Ommeren | |
| 发表日期 | 2017-08-11 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Why do shops cluster in shopping streets? According to theory, retail firms benefit from shopping externalities. We identify these externalities for the main shopping streets in the Netherlands by estimating the effect of footfall – the number of pedestrians that pass by – on store owner’s rental income, which is a composite of the effects of footfall on shop rent and on vacancy rates. We address endogeneity issues by exploiting spatial variation between intersecting streets. Our estimates imply an elasticity of rental income with respect to footfall of 0.25. We find that a shop’s marginal benefit of a passing pedestrian is € 0.005. It follows that subsidies to retail firms that increase with the levels of footfall generated by these shops are welfare improving. The optimal subsidy to store owners is, on average, 10 percent of the rent, but is higher for retail firms that generate high levels of footfall. Although explicit subsidies are controversial and difficult to implement, our results seem to justify current policy practices which cluster shops by pedestrianisation of shopping streets or by providing subsidised parking for shoppers. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Retail Shopping externalities Rents Vacancies Agglomeration economies Footfall |
| URL | https://cepr.org/publications/dp12216 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541027 |
| 推荐引用方式 GB/T 7714 | Hans Koster,Jos van Ommeren. DP12216 Shopping externalities and retail concentration: Evidence from Dutch shopping streets. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Hans Koster]的文章 |
| [Jos van Ommeren]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Hans Koster]的文章 |
| [Jos van Ommeren]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Hans Koster]的文章 |
| [Jos van Ommeren]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
