Graphical Illustration of Interaction Effects in Binary Choice Models: A Note

被引：4
|
作者：
Franken, Jason R. V. [1 ]
Pennings, Joost M. E. [2 ,3 ,4 ]
Garcia, Philip [5 ]
机构：
[1] Western Illinois Univ, Sch Agr, Macomb, IL 61455 USA
[2] Maastricht Univ, Dept Finance, Maastricht, Netherlands
[3] Maastricht Univ, Dept Mkt, Maastricht, Netherlands
[4] Wageningen Univ, Dept Mkt & Consumer Behav, Wageningen, Netherlands
[5] Univ Illinois, Dept Agr & Consumer Econ, Champaign, IL USA
来源：
JOURNAL OF AGRICULTURAL ECONOMICS | 2018年 / 69卷 / 03期
关键词：
Asset specificity; binary choice models; contracts; transaction costs economics; uncertainty; LOGIT; ARRANGEMENTS; CONTRACTS;
D O I：
10.1111/1477-9552.12257
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
Graphing procedures for evaluating power or interaction terms in binary logit and probit models are illustrated in an application to hog producers' decisions based on transaction cost economics' hypothesised positive effect of the interaction of uncertainty and asset specificity on contract use. Results support the hypothesis, particularly for producers that are otherwise on the cusp (near the 50/50 probability) of choosing either contract or spot transactions based on their responses for other variables. Such insights may not be drawn without use of the demonstrated graphing procedures.
引用
收藏
页码：852 / 858
页数：7
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