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Table 2 The determinants of price wars. Probit + IV Coefficient and robust std. err. Marginal effect Capacity Rate 1.0606 (0.7105) Route MKS -0.0177 (0.0157) QFgroupMKS1 0.1766** 0.0632 (0.0811) QFgroupMKS2 0.1716 0.0614 (0.0709) MMC 0.0709*** 0.0253 (0.0233) AirportHHI -0.0047* -0.0017 (0.0021) QF 0.9753*** 0.3492 (0.0875) VA 0.8377*** 0.3000 (0.0722) JQ 0.4152 0.1487 (0.0870) Constant -0.9852*** N Log Likelihood (0.1343) 16430 -10228.60 Notes: 1. Robust standard errors in parentheses. 2. *p < 0.1, **p < 0.05, ***p < 0.01. 3.

Table 2 The determinants of price wars. Probit + IV Coefficient and robust std. err. Marginal effect Capacity Rate 1.0606 (0.7105) Route MKS -0.0177 (0.0157) QFgroupMKS1 0.1766** 0.0632 (0.0811) QFgroupMKS2 0.1716 0.0614 (0.0709) MMC 0.0709*** 0.0253 (0.0233) AirportHHI -0.0047* -0.0017 (0.0021) QF 0.9753*** 0.3492 (0.0875) VA 0.8377*** 0.3000 (0.0722) JQ 0.4152 0.1487 (0.0870) Constant -0.9852*** N Log Likelihood (0.1343) 16430 -10228.60 Notes: 1. Robust standard errors in parentheses. 2. *p < 0.1, **p < 0.05, ***p < 0.01. 3.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Table 2 The determinants of price wars. Probit + IV Coefficient and robust std. err. Marginal effect Capacity Rate 1.0606 (0.7105) Route MKS -0.0177 (0.0157) QFgroupMKS1 0.1766** 0.0632 (0.0811) QFgroupMKS2 0.1716 0.0614 (0.0709) MMC 0.0709*** 0.0253 (0.0233) AirportHHI -0.0047* -0.0017 (0.0021) QF 0.9753*** 0.3492 (0.0875) VA 0.8377*** 0.3000 (0.0722) JQ 0.4152 0.1487 (0.0870) Constant -0.9852*** N Log Likelihood (0.1343) 16430 -10228.60 Notes: 1. Robust standard errors in parentheses. 2. *p < 0.1, **p < 0.05, ***p < 0.01. 3.
Transcribed Image Text:Table 2 The determinants of price wars. Probit + IV Coefficient and robust std. err. Marginal effect Capacity Rate 1.0606 (0.7105) Route MKS -0.0177 (0.0157) QFgroupMKS1 0.1766** 0.0632 (0.0811) QFgroupMKS2 0.1716 0.0614 (0.0709) MMC 0.0709*** 0.0253 (0.0233) AirportHHI -0.0047* -0.0017 (0.0021) QF 0.9753*** 0.3492 (0.0875) VA 0.8377*** 0.3000 (0.0722) JQ 0.4152 0.1487 (0.0870) Constant -0.9852*** N Log Likelihood (0.1343) 16430 -10228.60 Notes: 1. Robust standard errors in parentheses. 2. *p < 0.1, **p < 0.05, ***p < 0.01. 3.
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