Table 5 Estimation results for elasticity of demand
(Budget share of fuel type) Variable | (2) Elasticity | |
|---|---|---|
Budget share for firewood | Effective cost of firewood | − 0.975*** (− 1.8e + 04) |
Budget share for charcoal | Effective cost of charcoal | − 0.958*** (− 1.1e + 05) |
Budget share for electricity | Effective cost of electricity (baking) | − 0.979*** (− 6.2e + 05) |
Budget share for electricity | Effective cost of electricity (cooking) | − 0.979*** (− 6.2e + 05) |