Table 8. Summary of predicted effects on wild bear bile choice of introducing farmed bear bile maintaining a constant price (100) for wild bear bile under the “serious” scenario.
Farmed price (¥) | Model | Change in wild bear bile consumption | Cross price elasticity | Negation price |
30 | Lin. | −19.05% | 0.16 | ¥334 |
Bin. | −13.49% | 0.08 | ¥235 | |
90 | Lin. | −9.96% | 0.13 | ¥310 |
Bin. | −10.57% | 0.02 | ¥201 |