Variable | MNL | Latent Class Model | |||||
---|---|---|---|---|---|---|---|
Class 1 | Class 2 | Class 3 | |||||
Coeff. (S.E.) | Coeff. (S.E.) | WTP° (€000/equipment) | Coeff. (S.E.) | WTP (€000/equipment) | Coeff. (S.E.) | WTP (€000/equipment) | |
OptOut | -1.23 (0.13)*** | -2.30 (0.18)*** | – | 3.32 (0.47)*** | – | -5.65 (1.23)*** | – |
Price | -0.03 (0.00)*** | -0.01 (0.00)*** | – | -0.02 (0.01)*** | – | -0.19 (0.01)*** | – |
Significant yield increase | 0.16 (0.06)*** | 0.03 (0.07) | – | 1.07 (0.21)*** | 62.96 | -2.12 (1.02)*** | -11.40 |
Low yield increase | -0.49 (0.10)*** | -0.96 (0.12)*** | -68.94 | -1.07 (0.37)*** | -63.10 | -2.13 (1.06)*** | -11.46 |
Electric | 0.09 (0.09) | 0.31 (0.11)*** | 22.11 | 1.36 (0.33)*** | 80.34 | -3.77 (1.18)*** | -20.24 |
Industry leader | 0.26 (0.11)*** | 0.11 (0.13) | – | 1.60 (0.39)*** | 94.28 | 3.36 (2.04) | – |
Low emissions | 0.22 (0.06)*** | 0.22 (0.08)*** | 15.96 | 0.45 (0.27)** | 26.47 | 2.04 (0.32)*** | 10.98 |
High emissions | -0.82 (0.11)*** | -0.94 (0.14)*** | -67.84 | -1.89 (0.51)*** | -111.77 | 0.36 (1.12) | – |
Average probability | 0.63 | Â | 0.16 | Â | 0.21 | Â | Â |