Table 5 Results—mixed logit model
Variable | Description | Coeff. | St. Err. |
|---|---|---|---|
Random parameters | |||
ECO | ASC for eco-friendly beef† | 2.566*** | 0.426 |
ANIM_1 | 1=the alternative has animal welfare certification, for the eco-friendly alternative | 1.891*** | 0.357 |
ANIM_2 | 1=the alternative has animal welfare certification, for the conventional alternative | 2.753*** | 0.466 |
NB | ASC for not buying beef† | − 11.074*** | 0.509 |
Nonrandom parameters | |||
PRICE | Price of the alternative in thousand COP‡ | − 0.937*** | 0.037 |
Heterogeneity in mean | |||
ECO_INF | Interaction variable for eco-friendly and information treatment variable | 1.094** | 0.414 |
Standard deviations of parameter distributions | |||
sdECO | 2.656*** | 0.333 | |
sdANIM_1 | 2.869*** | 0.304 | |
sdANIM_2 | 3.726*** | 0.329 | |
sdNB | 2.555*** | 0.249 | |
Observations | 2394 | ||
Iterations completed | 54 | ||
Log-L fncn | − 1482.6 | ||
Number of parameters | 16 | ||
AIC | 1.252 | ||
Chi2 | 2294.9 | ||
Prob > chi2 | 0 | ||
McFadden pseudo R2 | 0.4362 | ||
Adjusted pseudo R2 | 0.4344 | ||