Table 1.

Descriptive statistics of the model variables

VariableSymbolMeanSDMin.Max.
Operating revenue*I26,813.5647,922.57206.458380,773.58
Number of roomsx1424.380546.54863,639
Price of work*x231.0988.1877.76168.078
Price of materialsx30.09730.14450.000000071.1114
Price of other operating expensesx40.16000.24220.00492.0902
Price of capitalx50.04870.04510.000000030.4888

Note(s): *In thousands of euros

Source(s): Created by the authors

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