Table 5 Estimated parameters of... | Emerald Publishing

Table 5

Estimated parameters of multinomial logit for likelihood of fed cattle LRP purchases relative to coverage levels less than 89.99% (n = 4,489)

	Coverage 90%–94.99%		Coverage >95%
Parameters	Parameter estimate	Standard error	Parameter estimate	Standard error
Ln(expected price)	5.240	5.187	2.350	4.871
2019 subsidy change	0.938	1578.947	1.132	1578.947
2020 subsidy change	−14.956	1459.101	−13.739	1459.100
17-week	0.104	0.857	0.017	0.826
21-week	−0.908	0.714	−0.799	0.677
26-week	−0.634	0.703	−0.949	0.672
30-week	−0.580	0.722	−0.981	0.691
34-week	−0.459	0.752	−0.941	0.721
39-week	−1.861**	0.751	−1.929***	0.700
43-week	−2.350**	0.740	−2.880***	0.687
47-week	−1.271	0.870	−1.852***	0.821
52-week	−2.776***	0.990	−2.866***	0.872
Month fixed effects	Yes^a		Yes^a
Year fixed effects	Yes^a		Yes^a
State fixed effects	Yes^a		Yes^a
Intercept	−8.867	603.962	6.709	603.896
R-squared	0.0682

	Coverage 90%–94.99%		Coverage >95%
Parameters	Parameter estimate	Standard error	Parameter estimate	Standard error
Ln(expected price)	5.240	5.187	2.350	4.871
2019 subsidy change	0.938	1578.947	1.132	1578.947
2020 subsidy change	−14.956	1459.101	−13.739	1459.100
17-week	0.104	0.857	0.017	0.826
21-week	−0.908	0.714	−0.799	0.677
26-week	−0.634	0.703	−0.949	0.672
30-week	−0.580	0.722	−0.981	0.691
34-week	−0.459	0.752	−0.941	0.721
39-week	−1.861**	0.751	−1.929***	0.700
43-week	−2.350**	0.740	−2.880***	0.687
47-week	−1.271	0.870	−1.852***	0.821
52-week	−2.776***	0.990	−2.866***	0.872
Month fixed effects	Yes^a		Yes^a
Year fixed effects	Yes^a		Yes^a
State fixed effects	Yes^a		Yes^a
Intercept	−8.867	603.962	6.709	603.896
R-squared	0.0682

Note(s): The base of the model is coverage level policies less than 89.99%

*, **, *** represent significance at the 10%, 5% and 1% levels, respectively

^aThese variables are included in the model but not reported

Source(s): Authors’ own work based on data analysis