A fundamental aspect of private property is the right to exclude trespassers or squatters. Nonetheless, in all 50 states a trespasser can acquire ownership by continuously occupying a parcel of land until the statutorily set period of limitations runs out. Although these adverse possession...

This paper develops a model with cross-patronage effects between anchor tenant department stores and smaller non-anchor tenants to examine the development opportunities for large-scale shopping centers in the U.S. A major theme of the analysis is that large-scale shopping center development...