Table 5

Robustness (1)

Variable(1) Baseline(2) RE(3) PA(4) MLE(5) RC
ENT (Platform entry)−85.856** (42.747)−297.472*** (101.744)−86.210** (36.797)−86.163** (34.728)−88.473** (39.213)
Constant−3016.463*** (737.235)314.847 (1230.480)−3053.430*** (619.242)−3054.477*** (586.578)−2425.033*** (610.921)
Control variablesIncludedIncludedIncludedIncludedIncluded
R20.89450.9152   

Note(s): Standard errors in parentheses; *p < 0.1, **p < 0.05, ***p < 0.01

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