Table 3. Average marginal effects for...

Table 3.

Average marginal effects for the heteroskedastic ordered probit model

Mean equation	Explanatory variables	AME on Prob(SRR = 1)	AME on Prob(SRR = 2)	AME on Prob(SRR = 3)	AME on Prob(SRR = 4)
Accommodation characteristics	bed_bfast	−0.935***	−2.838***	−0.863***	4.636***
	half_board	−1.030***	−3.405***	−2.078***	6.512***
	full_board	0.174	−2.543**	−10.543***	12.912***
	3-star	−0.169	−1.145***	−1.935**	3.249***
	4-star	−1.350***	−5.614***	−7.363***	14.326***
	5-star	−1.218***	−7.146***	−24.563***	32.927***
	a_quality	−1.567***	−5.553***	−5.167***	12.287***
	a_comfort	−2.037***	−6.710***	0.992	7.755**
	a_experience	−1.919***	−7.179***	−8.768***	17.866***
	a_like	−2.193***	−5.929***	4.362***	3.761***
	a_recommend	−1.432***	−4.873***	−3.811***	10.117***
	a_environment	−1.916***	−3.802***	4.428***	1.290
	a_tranquility	−0.564	−1.788	−0.832	3.184
	a_closeness	0.803	2.222	0.230*	−3.254
	a_price	−1.511***	−3.291***	2.446***	2.356**
	exp_accom	0.007***	0.021***	0.008***	−0.037***
Sociodemographic characteristics	age	0.027***	0.036*	−0.112***	0.049
	male	−0.430**	−0.095	2.838***	−2.313***
	self-employed	−0.041	−0.123	−0.036	0.200
	student	0.641**	1.813**	0.274***	−2.728**
	homemaker	−0.148	−0.449	−0.146	0.743
	unemployed	−0.170	−0.517	−0.173	0.860
	retired	−0.242	−0.739	−0.259	1.241
	foreign	−0.306	−0.939	−0.344	1.589
	resident	−0.657***	−2.100***	−1.007**	3.764***
Trip characteristics	leisure	−0.325	−0.946	−0.211**	1.482
	business	−0.379	−1.173	−0.454	2.006
	alone	−0.142	−0.428	−0.138	0.708
	couple	−0.208*	−0.619*	−0.169*	0.996*
	party_size	−0.025*	−0.075*	−0.021*	0.121*
	LOS	−0.013	−0.038	−0.011	0.062
	first-time	0.394**	0.628*	−1.126*	0.103
	main_cities	2.295***	4.983***	−2.920***	−4.358***
	east_coast	1.706***	2.391***	−4.023***	−0.074
	east_inner	2.125***	2.720***	−5.173***	0.328
Time effects	y2006	0.912***	2.534***	0.261***	−3.708***
	y2007	0.598*	1.695*	0.272***	−2.565**
	y2008	0.435	1.250	0.244***	−1.929*
	y2009	−0.475**	−1.480**	−0.604	2.559**
	y2010	0.483*	1.389*	0.264***	−2.136*
	y2011	0.174	0.512	0.128	−0.814
	y2012	−0.814***	−2.615***	−1.294***	4.723***
	y2013	−0.330	−1.013	−0.373	1.716
	y2014	0.396	1.142	0.232**	−1.770
	y2015	−0.957***	−3.134***	−1.754***	5.845***
	y2016	−0.612***	−1.934***	−0.876*	3.422**
	q3	0.442***	1.312***	0.353***	−2.107***
Variance equation	Explanatory variables	AME
Scale determinants	full_board	22.298***
	3-star	3.906*
	4-star	9.342***
	5-star	35.609***
	a_comfort	−15.495***
	a_like	−17.683***
	a_environment	−14.278***
	a_price	−10.016***
	age	0.274***
	male	−7.052***
	first-time	3.207*
	main_cities	10.914***
	east_coast	11.731***
	east_inner	15.085***
Total observations			14,879

Mean equation	Explanatory variables	AME on Prob(SRR = 1)	AME on Prob(SRR = 2)	AME on Prob(SRR = 3)	AME on Prob(SRR = 4)
Accommodation characteristics	bed_bfast	−0.935***	−2.838***	−0.863***	4.636***
	half_board	−1.030***	−3.405***	−2.078***	6.512***
	full_board	0.174	−2.543**	−10.543***	12.912***
	3-star	−0.169	−1.145***	−1.935**	3.249***
	4-star	−1.350***	−5.614***	−7.363***	14.326***
	5-star	−1.218***	−7.146***	−24.563***	32.927***
	a_quality	−1.567***	−5.553***	−5.167***	12.287***
	a_comfort	−2.037***	−6.710***	0.992	7.755**
	a_experience	−1.919***	−7.179***	−8.768***	17.866***
	a_like	−2.193***	−5.929***	4.362***	3.761***
	a_recommend	−1.432***	−4.873***	−3.811***	10.117***
	a_environment	−1.916***	−3.802***	4.428***	1.290
	a_tranquility	−0.564	−1.788	−0.832	3.184
	a_closeness	0.803	2.222	0.230*	−3.254
	a_price	−1.511***	−3.291***	2.446***	2.356**
	exp_accom	0.007***	0.021***	0.008***	−0.037***
Sociodemographic characteristics	age	0.027***	0.036*	−0.112***	0.049
	male	−0.430**	−0.095	2.838***	−2.313***
	self-employed	−0.041	−0.123	−0.036	0.200
	student	0.641**	1.813**	0.274***	−2.728**
	homemaker	−0.148	−0.449	−0.146	0.743
	unemployed	−0.170	−0.517	−0.173	0.860
	retired	−0.242	−0.739	−0.259	1.241
	foreign	−0.306	−0.939	−0.344	1.589
	resident	−0.657***	−2.100***	−1.007**	3.764***
Trip characteristics	leisure	−0.325	−0.946	−0.211**	1.482
	business	−0.379	−1.173	−0.454	2.006
	alone	−0.142	−0.428	−0.138	0.708
	couple	−0.208*	−0.619*	−0.169*	0.996*
	party_size	−0.025*	−0.075*	−0.021*	0.121*
	LOS	−0.013	−0.038	−0.011	0.062
	first-time	0.394**	0.628*	−1.126*	0.103
	main_cities	2.295***	4.983***	−2.920***	−4.358***
	east_coast	1.706***	2.391***	−4.023***	−0.074
	east_inner	2.125***	2.720***	−5.173***	0.328
Time effects	y2006	0.912***	2.534***	0.261***	−3.708***
	y2007	0.598*	1.695*	0.272***	−2.565**
	y2008	0.435	1.250	0.244***	−1.929*
	y2009	−0.475**	−1.480**	−0.604	2.559**
	y2010	0.483*	1.389*	0.264***	−2.136*
	y2011	0.174	0.512	0.128	−0.814
	y2012	−0.814***	−2.615***	−1.294***	4.723***
	y2013	−0.330	−1.013	−0.373	1.716
	y2014	0.396	1.142	0.232**	−1.770
	y2015	−0.957***	−3.134***	−1.754***	5.845***
	y2016	−0.612***	−1.934***	−0.876*	3.422**
	q3	0.442***	1.312***	0.353***	−2.107***
Variance equation	Explanatory variables	AME
Scale determinants	full_board	22.298***
	3-star	3.906*
	4-star	9.342***
	5-star	35.609***
	a_comfort	−15.495***
	a_like	−17.683***
	a_environment	−14.278***
	a_price	−10.016***
	age	0.274***
	male	−7.052***
	first-time	3.207*
	main_cities	10.914***
	east_coast	11.731***
	east_inner	15.085***
Total observations			14,879

Notes:

***p < 0.01; **p < 0.05; *p < 0.1

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