Table 3 Posterior means, standard deviations, and 90% intervals with respect to inputs, the determinants of lambda, and the variance parameter

Constant

0.292

0.050

[0.208, 0.374]

Transport costs

0.005

0.014

[− 0.018, 0.028]

Labor

0.325

0.048

[0.246, 0.404]

Production capacity

0.791

0.038

[0.728, 0.852]

Constant

1.291

0.436

[0.700, 2.135]

Used capacity

1.789

0.243

[1.417, 2.211]

Dummy for cooperatives

1.014

0.492

[0.282, 1.885]

Dummy for different payment criteria

0.066

0.296

[− 0.445, 0.529]

SIE

0.281

0.311

[− 0.244, 0.770]

SIM

0.738

0.424

[0.040, 1.436]

σ_v

0.356

0.027

[0.314, 0.401]