| 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 |