Table 5.

Determinants of the Gift Acceptance Decision

	Gift Acceptance	Gift Acceptance	Gift Acceptance
Physician's Age: 41-50	0.06 [0.07]	0.00 [0.07]	0.08 [0.08]
Physician's Age: >=51	0.01 [0.09]	−0.08 [0.08]	−0.06 [0.10]
Physician is Male	−0.20^** [0.07]	−0.28^** [0.07]	−0.32^** [0.08]
Patient is Male	−0.09 [0.07]	−0.06 [0.06]	-
Patient's Age: 20	0.14 [0.08]	0.11 [0.07]	-
Patient's Age: 21	0.05 [0.09]	0.02 [0.08]	-
Share an office	-	−0.30^** [0.11]	−0.34^** [0.12]
Number of other physician in the office	-	0.04 [0.04]	0.07 [0.05]
Number of other patients in the office	-	−0.01 [0.04]	−0.02 [0.05]
Other people paying attention to the gift giving	-	−0.32^** [0.06]	−0.29^** [0.07]
Constant	0.76^** [0.10]	1.23^** [0.11]	1.28^** [0.15]
Observations	160	160	160
R-squared	0.10	0.31	0.43

Patient fixed effects			√

Note: Robust standard errors are in brackets with

^**

, representing estimates significant at 1% and 5% level, respectively. Only gift A simulated patients are included.

The omitted doctor's age dummy is “Physician's Age: <=40”. Robust standard errors of the regressions in columns 1 and 2 are clustered at the physician level.