Table 2 First-Stage Parameter Estimates
 Annual Model
(1)		Jan./Feb./Mar.
(2)		Apr./May/Jun.
(3)		Jul./Aug./Sep.
(4)		Oct./Nov./Dec.
(5)
Travel cost−1.0243***
(11.8)		−0.7521***
(19.7)		−1.1972***
(8.17)		−1.1766***
(22.3)		−1.0322***
(18.3)
Dissimilarity
Coefficient		0.2116***
(14.8)		0.1981***
(6.85)		0.3195***
(15.5)		0.2199***
(6.19)		0.2266***
(10.9)
N41,71623,63516,60726,79919,289
Log-like−33,427−12,300−27,178−14,002−11,507

  • Note:t-statistics based on standard errors clustered by site are in parentheses.

  • ↵* p < 0.1

  • ** p < 0.05

  • ↵*** p < 0.01