>Date: Sun, 10 Nov 1996 11:19:29 >From: Torgeir Hatletveit >To: econgeog@u.washington.edu >Subject: Edle Hatletveit(Shopping Center) > > Location factors of shopping centers > > > When one decides to build a shopping center there are > many factors to consider. One which is very important is > the principle of substitution. Principle of substitution is > defined as the process of substituting one factor of produc- > tion(land, capital, labor) for another in order to increase > an activities profit.(I discussed this in my midterm and I > will discuss it further in my final paper). > > Another important factor in deciding the location of a > shopping center is to be aware of the surrounding area. > What is the surrounding area made up of? residential? > commercial? You also want to find out if the people who > live in the area are old, young, single, married,etc. > Establishing the main market would be helpful when one > decides as to what stores to put in the shopping center. > ----------------------------------------------------------------------> Date: Thu, 21 Nov 1996 22:43:22 -0500 From: EHatletvei@aol.com To: econgeog@u.washington.edu Subject: Red and Blue list topic Agglomeration Economies Outline Define agglomeration economies Give brief history Discuss advantages and disadvantages with agglom. econ. Discuss agglom. econ. in terms of different theories (Weber, Thunen) Talk about shopping behavior and agglom. econ. (time constraint) How is transportation costs an advantage? What would happen if transport costs changed? What if new technology was introduced? Discuss competition in both positive and negative ways Shopping Centers Outline How do you determine the optimal location of a shopping center? Apply the aggregate demand function to the location process. What are the factors involved in this process? Demand How do you look at the demand for the shoppping center? To what extent does the average income of the surrounding area play a part in it? Is the demand inelastic/elastic? Inelastic: When the price does not vary with the demand elastic: When the price is sensitive to the change in the demand How do you determine the frequency of shopping? Distance constraint: As the distance increases, demand diminishes. How do you determine the approriate opening hours? Is there a sufficient nomber of people with money close by? How do you determine how large a shopping center should be? Spatial Demand Curve What is behind the spatial demand curve at different distances? How can we most sufficiently meet the demand? How can we face the supply? Bid Price Curve Relate the bid price curve to the location decision