Pine

Douglas fir

Coeff.

S.E

t.stat

Coeff.

S.E

t.stat

Constant

−0.032

0.628

0.050

4.352

0.214

20.309

Ln (hauling distance)

−0.031

0.084

0.377

−0.032

0.030

1.050

Ln (volume)

0.251

0.060

4.171

0.031

0.014

2.226

Ln(reserve price)

0.040

0.067

0.597

0.030

0.021

1.516

Ln(Number of bidders)

1.066

0.162

6.563

0.063

0.048

1.308

Constant

−0.642

0.248

2.588

−0.1505

0.087

1.740

Ln (Number of bidders)

0.266

0.179

1.486

0.032

0.054

0.590