Table 14 OLS estimates of Cobb-Douglas functions with works council dummy (WOCO) as regressor, decreasing shares of n(WOCO=1)/n—randomly determined based on a rectangular distribution; dependent variable: logarithm of sales
\(\hat{\beta}_{\mathrm{WOCO}}\) | Std.err. | t | |
|---|---|---|---|
\(\overline{\mathrm{WOCO}}=\boldsymbol{0.3045}\) | 0.4076 | 0.0136 | 29.50 |
\(\overline{\mathrm{WOCO}}=0.2747\) | 0.3573 | 0.0136 | 26.32 |
\(\overline{\mathrm{WOCO}}=0.2440\) | 0.3140 | 0.0136 | 23.13 |
\(\overline{\mathrm{WOCO}}=0.2132\) | 0.2784 | 0.0137 | 20.29 |
\(\overline{\mathrm{WOCO}}=0.1829\) | 0.2418 | 0.0141 | 17.11 |
\(\overline{\mathrm{WOCO}}=0.1523\) | 0.2102 | 0.0148 | 14.20 |
\(\overline{\mathrm{WOCO}}=0.1221\) | 0.1904 | 0.0159 | 11.99 |
\(\overline{\mathrm{WOCO}}=0.0920\) | 0.1842 | 0.0177 | 10.43 |
\(\overline{\mathrm{WOCO}}=0.0605\) | 0.1888 | 0.0208 | 9.07 |
\(\overline{\mathrm{WOCO}}=0.0305\) | 0.1730 | 0.0281 | 6.16 |