xvb Table 2The determinants of price wars.Probit + IVCoefficient and robust std. err.Marginal effectCapacity Rate1.0606(0.7105)Route MKS-0.0177(0.0157)QFgroupMKS10.1766**0.0632(0.0811)QFgroupMKS20.17160.0614(0.0709)MMC0.0709***0.0253(0.0233)AirportHHI-0.0047*-0.0017(0.0021)QF0.9753***0.3492(0.0875)VA0.8377***0.3000(0.0722)JQ0.41520.1487(0.0870)Constant-0.9852***NLog Likelihood(0.1343)16430-10228.60Notes: 1. Robust standard errors in parentheses. 2. *p < 0.1, **p < 0.05,***p < 0.01. 3.

The table provided is a result of a Probit regression model with instrumental variables (IV). The…

Answered: Table 2 The determinants of price wars.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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