Table 7.
Dependent variable | ||||||
---|---|---|---|---|---|---|
Quality | ||||||
Pooled | Pooled | Fixed effects | Fixed effects | Random effects | Random effects | |
(1) | (2) | (3) | (4) | (5) | (6) | |
Constant | −0.008 | 0.292 | −0.089 | −0.064 | ||
(0.236) | (0.902) | (0.283) | (0.804) | |||
ms | 0.011 | −0.068 | 0.723 | 0.382 | 0.099 | −0.034 |
(0.323) | (0.562) | (1.537) | (1.639) | (0.383) | (0.514) | |
frac_female | −0.388 | −0.191 | −0.101 | |||
(1.452) | (1.158) | (1.215) | ||||
frac_65 | −19.167 | 4.575 | −17.188 | |||
(25.528) | (19.921) | (23.471) | ||||
Com | 0.257 | 0.379 | 0.304 | |||
(0.198) | (0.422) | (0.201) | ||||
HHI_ins | −0.579 | 1.394 | −0.233 | |||
(0.602) | (1.915) | (0.608) | ||||
Lowvolume | −0.185 | 0.036 | −0.156 | |||
(0.231) | (0.182) | (0.178) | ||||
Acad | −0.224 | −0.228 | ||||
(0.311) | (0.314) | |||||
Observations | 191 | 191 | 191 | 191 | 191 | 191 |
R | 0.00001 | 0.066 | 0.002 | 0.015 | 0.002 | 0.038 |
Adjusted R | 0.00001 | 0.063 | 0.001 | 0.008 | 0.002 | 0.036 |
* ; ** ; *** . We report the results from the pooled, fixed-effects, and random-effects model. For each model, we report two variants: (i) a simple model with the weighted market share regressed on the average scaled quality indicator and (ii) a model with additional control variables. We report the MacKinnon and White Heteroskedasticity-Consistent standard errors (in parentheses under coefficients). We used data from the period 2008–2011