Table 2.
Differentiated Product Analysis—Summary Statistics.
| Variable | Obs | Mean | Std. Dev. | Min | Max | |
|---|---|---|---|---|---|---|
| Ln Price | 10,496 | 0.73 | 0.56 | −2.41 | 2.64 | |
| Credence Attribute Indicators | ||||||
| Cage-Free | 10,496 | 0.23 | 0.42 | 0 | 1 | |
| Vegetarian-Fed | 10,496 | 0.06 | 0.24 | 0 | 1 | |
| Omega-3 | 10,496 | 0.20 | 0.40 | 0 | 1 | |
| Organic | 10,496 | 0.16 | 0.37 | 0 | 1 | |
| Product Color Indicator | ||||||
| Brown | 10,496 | 0.40 | 0.49 | 0 | 1 | |
| Product Grade Indicator | ||||||
| AA | 10,496 | 0.13 | 0.34 | 0 | 1 | |
| Product Size Indicators | ||||||
| Medium | 10,496 | 0.08 | 0.27 | 0 | 1 | |
| X-large | 10,496 | 0.16 | 0.36 | 0 | 1 | |
Note: This table provides summary statistics for the differentiated product analysis. Data are weekly retail consumer prices for a wide variety of commodity and differentiated egg products across eight U.S. regions (Alaska, Hawaii, Midwest, Northeast, Northwest, South Central, Southeast, and Southwest), collected by USDA AMS via survey of 29,200 store locations across the U.S.