Variables | (1) Price [kCOP] | | (2) Price [kCOP] | |
---|
Foreigner | 0.208* | (0.113) | 0.208* | (0.120) |
Male Buyer | 0.290 | (0.303) | 0.290 | (0.369) |
Constant | − 0.168 | (0.326) | − 0.168 | (0.284) |
R-squared | 0.799 | 0.799 |
Controls and Vendor FE | Yes | Yes |
Errors | Standard | Robust |
Vendors | 59 | 59 |
Number of observations | 1712 | 1712 |
- *p < 0.1, **p < 0.05, ***p < 0.01. Standard errors are shown in parenthesis. The dependent variable in all specifications is the vendor’s price quoted in thousands of Colombian pesos (kCOP). The mean of the dependent variable is 4.275 kCOP. Controls in all regressions: geographic cluster, day and sticker fixed effects; (perceived) age and gender of the vendor, whether the vendor has nearby vendors, and time of the day