Knowledge

Reilly's law of retail gravitation

Source đź“ť

32:
in 1931. According to Reilly's "law," customers are willing to travel longer distances to larger retail centers given the higher attraction they present to customers. In Reilly's formulation, the attractiveness of the retail center becomes the analogy for size (mass) in the physical law of gravity.
387:
In addition to Newton's Law of Gravity in the physical sciences, there were other antecedents to Reilly's "law" of retail gravity. In particular, E.C. Young in 1924 described a formula for migration that was based on the physical law of gravity, and H.C. Carey had included a description of the
36:
The law presumes the geography of the area is flat without any rivers, roads or mountains to alter a consumer's decision of where to travel to buy goods. It also assumes consumers are otherwise indifferent between the actual cities. In analogy with
41:, the point of indifference is the point at which the "attractiveness" of the two retail centres (postulated to be proportional to their size and inversely proportional to the square of the distance to them) is equal: 112: 305: 219: 530:
Batty, M. (1978). “Reilly's challenge: new laws of retail gravitation which define systems of central places.” Environment and Planning A, 1978, volume 10, pages 185-219
173: 142: 558: 47: 563: 426: 243: 38: 568: 416: 521:
Converse, P.D. (1949). “New Laws of Retail Gravitation.” Journal of Marketing, Volume 14, January, 379-384
342:, meaning the customer will always prefer the larger centre unless they're very close to the smaller one. 512:
Huff, David L. (1964). “Defining and Estimating a Trade Area.” Journal of Marketing, Volume 28, 34-38.
396:
Reilly's law has many variations, and extensions and applications are numerous. Among these include:
182: 421: 29: 485:"Another Look at Retail Gravitation Theory: History, Analysis, and Future Considerations". 151: 120: 388:
tendency of humans to "gravitate" together in an 1858 summary of social science theory.
552: 503:
Anderson, Patrick L., Business Economics & Finance, CRC Press, 2004; chapter 13.
221:
is the relative size of the two centres. If the customer is on the line connecting
233:
is the distance between the centres, the point of indifference as measured from
445:
Reilly WJ (1931) The law of retail gravitation. New York: Knickerbocker Press
25: 17: 543: 400:
The "Huff" model, which allows for multiple attributes and retail centers;
107:{\displaystyle {\frac {d_{A}}{d_{B}}}={\sqrt {\frac {P_{A}}{P_{B}}}}} 357:
The manuscript compiled the following information of that time:
346:
Manuscripts that introduced Reilly's law of retail gravitation
379:
The latter publication goes into more mathematical detail.
300:{\displaystyle d={\frac {D}{1+{\sqrt {P_{B}/P_{A}}}}}} 246: 185: 154: 123: 50: 544:The law of retail gravitation by William J. Reilly 299: 213: 167: 144:is the distance of the point of indifference from 136: 106: 457:Methods for the Study of Retail Relationships 352:Methods for the Study of Retail Relationships 8: 310:As expected, for centres of the same size, 459:. Austin, Texas: Bureau of Labor Research. 406:Batty's generalisation of the breakpoint; 345: 322:, the point of indifference is closer to 286: 277: 271: 265: 253: 245: 205: 196: 190: 184: 159: 153: 128: 122: 95: 85: 78: 67: 57: 51: 49: 438: 7: 403:Converse's "Breaking Point" formula; 330:becomes very large with respect to 22:Reilly's law of retail gravitation 14: 559:Retail processes and techniques 427:Observations named after people 371:Two laters later, he published 1: 472:The law of retail gravitation 373:The Law of Retail Gravitation 392:Applications and Later Works 455:Reilly, William J. (1929). 214:{\displaystyle P_{A}/P_{B}} 39:Newton's law of gravitation 585: 350:William J. Reilly wrote 417:Demographic gravitation 564:Commercial real estate 301: 215: 169: 138: 108: 302: 216: 175:is its distance from 170: 168:{\displaystyle d_{B}} 139: 137:{\displaystyle d_{A}} 109: 244: 183: 152: 121: 48: 470:Reilly, William J. 297: 211: 165: 134: 104: 569:Economic theories 367:Urban retail data 326:. As the size of 295: 292: 102: 101: 73: 30:William J. Reilly 576: 531: 528: 522: 519: 513: 510: 504: 501: 495: 494: 482: 476: 475: 467: 461: 460: 452: 446: 443: 364:Consumer surveys 306: 304: 303: 298: 296: 294: 293: 291: 290: 281: 276: 275: 266: 254: 220: 218: 217: 212: 210: 209: 200: 195: 194: 174: 172: 171: 166: 164: 163: 143: 141: 140: 135: 133: 132: 113: 111: 110: 105: 103: 100: 99: 90: 89: 80: 79: 74: 72: 71: 62: 61: 52: 584: 583: 579: 578: 577: 575: 574: 573: 549: 548: 540: 535: 534: 529: 525: 520: 516: 511: 507: 502: 498: 484: 483: 479: 469: 468: 464: 454: 453: 449: 444: 440: 435: 413: 394: 385: 348: 318:is larger than 282: 267: 258: 242: 241: 237:on the line is 201: 186: 181: 180: 155: 150: 149: 124: 119: 118: 91: 81: 63: 53: 46: 45: 12: 11: 5: 582: 580: 572: 571: 566: 561: 551: 550: 547: 546: 539: 538:External links 536: 533: 532: 523: 514: 505: 496: 477: 462: 447: 437: 436: 434: 431: 430: 429: 424: 419: 412: 409: 408: 407: 404: 401: 393: 390: 384: 381: 369: 368: 365: 362: 347: 344: 308: 307: 289: 285: 280: 274: 270: 264: 261: 257: 252: 249: 208: 204: 199: 193: 189: 162: 158: 131: 127: 115: 114: 98: 94: 88: 84: 77: 70: 66: 60: 56: 13: 10: 9: 6: 4: 3: 2: 581: 570: 567: 565: 562: 560: 557: 556: 554: 545: 542: 541: 537: 527: 524: 518: 515: 509: 506: 500: 497: 492: 488: 481: 478: 473: 466: 463: 458: 451: 448: 442: 439: 432: 428: 425: 423: 422:Gravity model 420: 418: 415: 414: 410: 405: 402: 399: 398: 397: 391: 389: 382: 380: 378: 374: 366: 363: 360: 359: 358: 355: 353: 343: 341: 337: 333: 329: 325: 321: 317: 313: 287: 283: 278: 272: 268: 262: 259: 255: 250: 247: 240: 239: 238: 236: 232: 228: 224: 206: 202: 197: 191: 187: 178: 160: 156: 147: 129: 125: 96: 92: 86: 82: 75: 68: 64: 58: 54: 44: 43: 42: 40: 34: 31: 28:developed by 27: 23: 19: 526: 517: 508: 499: 490: 486: 480: 471: 465: 456: 450: 441: 395: 386: 376: 372: 370: 356: 351: 349: 339: 335: 331: 327: 323: 319: 315: 311: 309: 234: 230: 226: 222: 176: 145: 116: 35: 21: 15: 487:ABD Journal 383:Antecedents 361:Census data 553:Categories 493:(1). 2013. 433:References 229:, then if 354:in 1929. 338:tends to 314:, and if 26:heuristic 18:economics 411:See also 375:(1931) 179:, and 117:Where 312:d=D/2 24:is a 225:and 16:In 555:: 489:. 334:, 148:, 20:, 491:5 474:. 377:. 340:D 336:d 332:B 328:A 324:B 320:B 316:A 288:A 284:P 279:/ 273:B 269:P 263:+ 260:1 256:D 251:= 248:d 235:A 231:D 227:B 223:A 207:B 203:P 198:/ 192:A 188:P 177:B 161:B 157:d 146:A 130:A 126:d 97:B 93:P 87:A 83:P 76:= 69:B 65:d 59:A 55:d

Index

economics
heuristic
William J. Reilly
Newton's law of gravitation
Demographic gravitation
Gravity model
Observations named after people
The law of retail gravitation by William J. Reilly
Categories
Retail processes and techniques
Commercial real estate
Economic theories

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑