Revenue‐Sharing Contracts under Demand Uncertainty in Shopping Center
Revenue‐Sharing Contracts under Demand Uncertainty in Shopping Center
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DOI:
10.1111/1540-6229.12263
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发表时间:
2018-10
影响因子:
2.2
通讯作者:
A. Monden;Katsuyoshi Takashima;Yusuke Zennyo
中科院分区:
文献类型:
--
作者:
A. Monden;Katsuyoshi Takashima;Yusuke Zennyo
This article investigates shopping center rent contracts that have a two‐part tariff structure: charging a fixed rent plus a percentage of sales. We consider a game‐theoretic model, wherein a shopping center developer offers different contracts for two types of retailers: large and small. The retailers face demand uncertainties. We show the developer offers a lower percentage fee for the large retailer. Alternatively, it offers a higher fixed fee for the large retailer, unless the small retailer faces largely uncertain demand. The developer's expected profit increases with the demand uncertainty, which would suggest the developer should assemble nearly homogeneous retailers.