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Collection: Faculty Working Papers  
 
Title The NWIMBY Effect (No Walmart in My Backyard): Big Box Stores and Residential Property Values
Author Johnson, Daniel K. N.
Lybecker, Kristina M.
Gurley, Nicole
Stiller-Shulman, Alex
Fischer, Stephen
Type of Resource text
Digital Origin born digital
Date Created 2009-10
Abstract Recent Wal-Mart openings have been accompanied by public demonstrations against the company’s presence in the community, asserting (among other things) that their presence is deleterious to residential property values. This study empirically evaluates that claim, analyzing the spatial correlation between Wal-Mart locations and residential property values, while comparing Wal-Mart with other big-box retailers for a frame of reference and controlling for other important aspects of a home’s market value. We recognize that market value may represent a trade-off between price and patience, so perform a similar analysis using a property’s days on the market to evaluate any big-box effect. Finally, we interpret the resulting effects in two ways, from both the resident’s and retailer’s point of view, casting new light on the NWIMBY effect.
Keywords Walmart
housing
property value
hedonic
days on market
home value
site selection
hedonic estimation
real estate
retail store
Kmart
Target
Best Buy
appraisal
spatial model
Rights Statement Copyright restrictions apply. Contact the author for permission to publish.
Note (admin) Acquired as PDF from Colorado College Department of Economics and Business. Converted to PDF/A1.b using Adobe Acrobat Professional.
Publisher Colorado College
Place of Publication Colorado Springs, Colorado
Local Identifier 2009-09
Handle http://hdl.handle.net/10176/coccc:2152
 
Attached Files
Name Description MIMEType Size Downloads
NWIMBYeffect.pdf   master application/pdf 1.28MB 0

 
 
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Created: Fri, 08 Jan 2010, 17:06:52 MST by Carol Ou (admin) . Detailed History