Table 3. PET and FAT analysis (using WTP in $/lb).
| WLS with robust SEs | WLS with cluster robust SEs | Wild bootstrap cluster robust SEs | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | |||||||
| Coeff. | CI | Coeff. | CI | Coeff. | CI | Coeff. | CI | Coeff. | CI | Coeff. | CI | |
| Constant | 2.076*** (0.313) | 1.454; 2.698 | 1.696*** (0.222) | 1.253; 2.139 | 2.076*** (0.454) | 1.154; 2.999 | 1.696*** (0.322) | 1.042; 2.350 | 2.076*** [0.000] | 1.225; 2.945 | 1.696*** [0.000] | 1.094; 2.295 |
| sqrt(n) | -0.035*** (0.008) | -0.051; -0.019 | -0.035*** (0.012) | -0.060; -0.011 | -0.035** [0.020] | -0.060; -0.012 | ||||||
| n | -0.001*** (0.000) | -0.001; -0.000 | -0.001*** (0.000) | -0.001; -0.000 | -0.001*** [0.002] | -0.001; -0.000 | ||||||
| obs | 86 | 86 | 86 | 86 | 86 | 86 | ||||||
| F | 18.610 | 27.120 | 8.470 | 13.300 | ||||||||
| Prob >F | 0.000 | 0.000 | 0.006 | 0.001 | ||||||||
| R2 | 0.083 | 0.108 | 0.083 | 0.108 | 0.083 | 0.108 | ||||||
| Adj, R2 | 0.072 | 0.097 | 0.072 | 0.097 | 0.072 | 0.097 | ||||||
Note: Dependent variable is WTP for local; Standard errors in parentheses; p-values in brackets. CI refers to 95% confidence interval
***, **, * indicate significance at the 1%, 5%, and 10%-level, respectively. sqrt(n) is used as weight.