Table 5 Results of the CVM Variable... | Emerald Publishing

Table 5

Results of the CVM

Variable	Model 1		Model 2
Variable	Coefficient	Standard error	Coefficient	Standard error
Price	−0.0509569^***	0.0066708	−0.0535277^***	0.0073478
Income			0.0000409^***	0.0000101
Dependent person			0.3111158^***	0.1333247
Age			−0.0130683	0.0119837
Education			0.0895826^***	0.0349582
Family size			−0.1778778^*	0.1004582
Food safety awareness			0.1419491^***	0.0548891
Environmental awareness			0.099766^*	0.0545043
Constant	4.128266^***	0.5504975	1.429028	1.10584
Log-likelihood	−252.6491		−221.88134
LR	67.24		128.77
Prob > χ²	0		0
Pseudo R²	0.1174		0.2249
% of prediction correct	65.38%		75.3%
Mean WTP (95% CI)	81,010 (76,690–85,450)		81,880 (77,380–86,320)
n	413		413

Variable	Model 1		Model 2
Variable	Coefficient	Standard error	Coefficient	Standard error
Price	−0.0509569^***	0.0066708	−0.0535277^***	0.0073478
Income			0.0000409^***	0.0000101
Dependent person			0.3111158^***	0.1333247
Age			−0.0130683	0.0119837
Education			0.0895826^***	0.0349582
Family size			−0.1778778^*	0.1004582
Food safety awareness			0.1419491^***	0.0548891
Environmental awareness			0.099766^*	0.0545043
Constant	4.128266^***	0.5504975	1.429028	1.10584
Log-likelihood	−252.6491		−221.88134
LR	67.24		128.77
Prob > χ²	0		0
Pseudo R²	0.1174		0.2249
% of prediction correct	65.38%		75.3%
Mean WTP (95% CI)	81,010 (76,690–85,450)		81,880 (77,380–86,320)
n	413		413

Note(s): ^***, ^**, ^* indicate statistical significance at the 0.01 level; 0.05 and 0.1 respectively

95 per cent CI: 95 per cent confidence interval estimated using Krinsky and Robb (1986) method

Source(s): Analysis from survey data of 413 respondents