Chun, Gregory H.; Eppli, Mark J.; Shilling, James D. - In: Journal of Real Estate Research 21 (2001) 3, pp. 163-186
This article examines the variation in rents per square foot among regional shopping centers in the United States in response to variation in retail sales per square foot. The analysis breaks new ground by treating base and percentage rents as endogenous functions of retail sales. The analysis...