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Agricultural and Food Economics

Table 4 Estimated parameters and standard deviations from the RPL model, standard errors in parenthesis

From: Pay more for me, I’m from the mountains! The role of the EU Mountain Product term and other credence attributes in consumers’ valuation of lamb meat

Variable

β

σ

Sheep breed

1.26*

(0.06)

0.51

Mountain product

1.37*

(0.06)

0.56

Grazing practice

0.95*

(0.06)

0.39

Price

 − 0.47*

(0.02)

 − 0.19

No choice

 − 6.23*

(0.30)

 − 2.54

Log-likelihood

 − 2705.9

AIC

5421.82

BIC

5443.17

McFadden pseudo-R2

0.28

  1. *Statistically significant at the 5% level
  2. The standard deviation (σ) of centred triangular distributions is obtained as \(\sigma =\Delta /\sqrt{6}\), where \(\Delta\) is the difference between the median value (β) and the minimum (Forbes et al. 2011)
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