Allocation price per pack (RMB/pack) | Regulated allocation wholesale margin (a), % | Actual allocation wholesale margin (a′), % |
[14.6, +∞) | 34 | 51.52 |
[10, 14.6) | 29 | 40.85 |
[5, 10) | 25 | 33.33 |
[3, 5) | 25 | 33.33 |
[1.65, 3) | 20 | 25.00 |
(0, 1.65) | 15 | 17.65 |
Source: table 1 and estimated from equation (1).