摘要：Beal's (1995) method of estimating the value of Carnarvon Gorge for recreationaluse is re-examined. When an inconsistency in her estimation procedure is corrected,the estimated value of Carnarvon Gorge for camping is found to be six timeshigher. The sensitivity of the estimate to the choice of functional form is examined,and standard errors and interval estimates for consumer surplus are provided.Comments are made about functional form choice and prediction in log-logmodels.
