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作者

来源

REAL ESTATE ECONOMICS,Vol.46,Issue1,P.7-58

语言

英文

关键字

WAL-MART; HOUSING-MARKET; VALUES; IMPACT; CRIME

作者单位

[Slade, Barrett A.] Brigham Young Univ, Marriott Sch, Dept Finance, Provo, UT 84602 USA. Slade, BA (reprint author), Brigham Young Univ, Marriott Sch, Dept Finance, Provo, UT 84602 USA. E-Mail: bslade@byu.edu

摘要

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.