Skip to main content

Advertisement

Table 2 Hedonic pricing regression results

From: Consumer ratings and the pricing of experience goods: hedonic regression analysis of beer prices

  Dependent variable
AvgPrice AvgPrice AvgPrice
Regressor (1) (2) (3)
Constant 9.944 (1.68) 4.290* (3.31) 3.866* (3.31)
AvgRating 0.054 (1.74) 0.047* (2.73) 0.050* (3.21)
AlcoholVol 0.444 (1.60) 0.341 (2.04) 0.349* (4.07)
Calories −0.002 (−0.18) 0.000 (0.08)  
American −0.736 (−1.22) −0.696 (−2.54) −0.566 (−2.29)
AmericanLager −1.197 (−1.65) −1.081* (−2.93) −0.949* (−2.85)
BelgianAle −0.754 (−1.48) −0.262 (−0.73)  
CzechLager −1.501 (−1.32) −1.137* (−3.27) −1.067* (−3.39)
EnglishAle −0.465 (−0.90) −0.008 (−0.03)  
EuropeanLager −0.321 (−0.31) −0.333 (−0.82)  
GermanAle −0.161 (−0.21) 0.256 (0.60)  
GermanLager −0.688 (−1.13) 0.269 (0.78)  
IrishAle 0.679 (0.62) −0.586 (−2.03) −0.456 (−1.85)
ScottishAle −0.139 (−0.11) 0.542 (1.37)  
Specialty 1.007 (0.78) 0.879 (1.74) 0.975 (1.99)
F-statistic 3.78* 9.56* 14.71*
R 2 0.117 0.223 0.218
Nobs 413 400 400
  1. Figures in parentheses are t-ratios based on robust standard errors (White 1980)
  2. Level of significance: *0.01; 0.05; 0.10