spb/wp4_uqo

1% ==========================================================================2\section{Additional Regression Results}3\label{sec:app_tables}4% ==========================================================================56Table~\ref{tab:app_full_reg} reports the complete set of coefficient7estimates from the full hedonic model (M9) discussed in8Section~\ref{subsec:full_model}. All 50 covariates are shown with9HC3 robust standard errors.1011\begin{table}[!htbp]12\centering13\caption{Full Hedonic Model: Complete Coefficient Estimates (M9)}14\label{tab:app_full_reg}15\begin{threeparttable}16\small17\begin{tabular}{lrrr}18\toprule19Variable & Coeff. & Std.\ Err. & $p$-value \\20\midrule21\multicolumn{4}{l}{\textit{Structural characteristics}} \\22Bedrooms & 1.141*** & (0.346) & 0.001 \\23Bathrooms & $-$0.068 & (0.177) & 0.699 \\24Guests count & 0.046 & (0.064) & 0.476 \\25Log accommodates & $-$0.192 & (0.343) & 0.576 \\26Log bedrooms & $-$2.053*** & (0.770) & 0.008 \\27Log bathrooms & 0.273 & (0.212) & 0.199 \\28Bathrooms/guest & $-$0.033 & (0.421) & 0.938 \\29Bedrooms/guest & 0.399 & (0.349) & 0.253 \\30Is entire home & 0.221 & (0.178) & 0.215 \\31Is private room & 0.285 & (0.188) & 0.130 \\32Is shared room & 0.181 & (0.215) & 0.401 \\33Large capacity & 0.037 & (0.150) & 0.805 \\34Accommodates sq. & $-$0.001 & (0.005) & 0.793 \\35Bedrooms sq. & $-$0.063*** & (0.020) & 0.002 \\36Bathrooms sq. & 0.028** & (0.013) & 0.035 \\37Accommodates $\times$ bedrooms & $-$0.010 & (0.013) & 0.432 \\38Accommodates $\times$ bathrooms & 0.011 & (0.010) & 0.248 \\39\midrule40\multicolumn{4}{l}{\textit{Amenity indices}} \\41Amenities count & $-$0.002 & (0.003) & 0.491 \\42Amenity richness & $-$0.269** & (0.106) & 0.011 \\43Luxury index & 0.061 & (0.273) & 0.824 \\44Business travel & $-$1.156** & (0.558) & 0.039 \\45Family comfort & 0.316 & (0.274) & 0.249 \\46Leisure index & 0.093 & (0.274) & 0.734 \\47Remote work & 0.584 & (0.478) & 0.222 \\48Pets allowed & 0.036 & (0.079) & 0.647 \\49\midrule50\multicolumn{4}{l}{\textit{Host attributes}} \\51Is Superhost & $-$0.065 & (0.079) & 0.410 \\52Superhost flag & 0.060 & (0.126) & 0.636 \\53Multi-listing host & $-$0.043 & (0.071) & 0.548 \\54Superhost $\times$ entire home & 0.007 & (0.099) & 0.946 \\55Guest Favorite flag & 0.048 & (0.092) & 0.602 \\56Is Guest Favorite & $-$0.026 & (0.099) & 0.793 \\57\midrule58\multicolumn{4}{l}{\textit{Reviews and reputation}} \\59Rating & 1.052** & (0.495) & 0.033 \\60Num.\ reviews & 0.003*** & (0.001) & 0.008 \\61Log reviews & $-$0.400*** & (0.102) & 0.000 \\62Review quality & 0.010 & (0.047) & 0.833 \\63Reputation score & $-$0.181 & (0.409) & 0.658 \\64Cleanliness premium & $-$0.036 & (0.079) & 0.647 \\65Location rating premium & 0.062 & (0.076) & 0.415 \\66Has reviews & 9.511** & (3.741) & 0.011 \\67Quality score & 0.002 & (0.001) & 0.211 \\68Num.\ images & $-$0.003 & (0.002) & 0.112 \\69No rating flag & $-$0.038 & (0.131) & 0.772 \\70\midrule71\multicolumn{4}{l}{\textit{Location}} \\72Distance to centre & $-$0.000 & (0.000) & 0.636 \\73Latitude & $-$0.090** & (0.045) & 0.048 \\74Longitude & $-$0.014 & (0.018) & 0.442 \\75\midrule76\multicolumn{4}{l}{\textit{Spatial controls}} \\77Local density 500m & $-$0.008*** & (0.003) & 0.008 \\78Local density 1km & 0.003*** & (0.001) & 0.006 \\79Local avg.\ price 500m & 0.00025*** & (0.00007) & 0.000 \\80Local avg.\ price 1km & $-$0.00003 & (0.00005) & 0.582 \\81Spatial cluster & $-$0.013*** & (0.005) & 0.008 \\82\midrule83\multicolumn{4}{l}{\textit{Text features}} \\84Title length & 0.001 & (0.002) & 0.543 \\85Title word count & $-$0.004 & (0.014) & 0.767 \\86Luxury language & 0.014 & (0.037) & 0.710 \\87Cozy language & 0.004 & (0.036) & 0.919 \\88Professional tone & $-$0.009 & (0.029) & 0.754 \\89Tourism language & 0.004 & (0.020) & 0.853 \\90Text embed.\ 0 & 2.800*** & (0.647) & 0.000 \\91Text embed.\ 1 & 0.356 & (0.583) & 0.541 \\92Text embed.\ 2 & 0.161 & (0.468) & 0.731 \\93Text embed.\ 3 & 0.155 & (0.547) & 0.777 \\94\midrule95Observations & \multicolumn{3}{c}{1,906} \\96$R^2$ & \multicolumn{3}{c}{0.274} \\97Adj.\ $R^2$ & \multicolumn{3}{c}{0.254} \\98AIC & \multicolumn{3}{c}{6,103} \\99\bottomrule100\end{tabular}101\begin{tablenotes}102\footnotesize103\item \textit{Notes:} OLS estimates with HC3 heteroskedasticity-robust104standard errors in parentheses. ***, **, and * indicate statistical105significance at the 1\%, 5\%, and 10\% levels, respectively. The106dependent variable is $\ln(\text{price})$.107\end{tablenotes}108\end{threeparttable}109\end{table}110