Variable (X)

Coefficient (β)

Std. error

P > |z|

Current cost of electricity

0.0000625

0.000738

0.933

Initial bid

0.0213164

0.0214095

0.319

Sex of respondent (male = 1; female = 0)

0.1767469^**

0.0710164

0.013

Household size

−0.0154411^**

0.0076885

0.045

Household income

0.0002632^***

0.0000455

0.000

Highest education attained by respondent, basic

0.1308721

0.1315856

0.320

Highest education attained, secondary

0.3070277^**

0.1289592

0.017

Highest education attained, tertiary

0.3729066^***

0.1405379

0.008

Reliability of existing supply (reliable = 1; unreliable= 0)

−0.0604477

0.0802202

0.451

Prior notification of an outage (prior notice = 1; no prior notice = 0)

0.0720246

0.1152556

0.532

Cut 1

−0.2451316

Cut 2

0.2772495

Cut 3

1.014911

Cut 4

1.748573

Log likelihood

−1512.2568

LR χ² (10)

88.06

Pseudo R²

0.2837