Table VII

Replications of price advantage model

Replication 1 (2 months)Replication 2 (4 months)Replication 3 (6 months)
Dependent variable: Price Advantage 1
Shortt113.3969** (7.1170)136.1846** (4.1542)141.8006** (3.8050)
Intercept53.8254** (6.2510)26.4139** (4.4191)7.9701 (4.3212)
Adjusted R20.61310.79710.8284
Observations665665665
Dependent variable: Price Advantage 2
Shortt120.7077** (7.1851)137.2658** (4.3755)131.5912** (4.5922)
Intercept46.4315** (5.3109)22.5807** (4.6545)12.9958** (5.2151)
Adjusted R20.59830.77070.7453
Observations665665665

Notes: Standard errors are shown in parentheses. *p<0.05; **p<0.01

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