Carnavon Gorge: a comment on the sensitivity of consumer surplus estimation to functional form specification

Duangkamon Chotikapanich; William E. Griffiths

doi:10.1111/1467-8489.00049

Carnavon Gorge: a comment on the sensitivity of consumer surplus estimation to functional form specification

Duangkamon Chotikapanich
, William E. Griffiths

Research output: Contribution to journal › Review Article › Research › peer-review

20 Citations (Scopus)

Abstract

Beal's (1995) method of estimating the value of Carnarvon Gorge for recreational use 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 times higher. 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-log models.

Original language	English
Pages (from-to)	249-261
Number of pages	13
Journal	Australian Journal of Agricultural and Resource Economics
Volume	42
Issue number	3
DOIs	https://doi.org/10.1111/1467-8489.00049
Publication status	Published - Sept 1998
Externally published	Yes

Access to Document

10.1111/1467-8489.00049

Cite this

@article{7923ef97bb76417484e566ae2416a720,

title = "Carnavon Gorge: a comment on the sensitivity of consumer surplus estimation to functional form specification",

abstract = "Beal's (1995) method of estimating the value of Carnarvon Gorge for recreational use 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 times higher. 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-log models.",

author = "Duangkamon Chotikapanich and Griffiths, \{William E.\}",

year = "1998",

month = sep,

doi = "10.1111/1467-8489.00049",

language = "English",

volume = "42",

pages = "249--261",

journal = "Australian Journal of Agricultural and Resource Economics",

issn = "1364-985X",

publisher = "Wiley-Blackwell",

number = "3",

}

TY - JOUR

T1 - Carnavon Gorge

T2 - a comment on the sensitivity of consumer surplus estimation to functional form specification

AU - Chotikapanich, Duangkamon

AU - Griffiths, William E.

PY - 1998/9

Y1 - 1998/9

N2 - Beal's (1995) method of estimating the value of Carnarvon Gorge for recreational use 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 times higher. 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-log models.

AB - Beal's (1995) method of estimating the value of Carnarvon Gorge for recreational use 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 times higher. 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-log models.

UR - https://www.scopus.com/pages/publications/0031708017

U2 - 10.1111/1467-8489.00049

DO - 10.1111/1467-8489.00049

M3 - Review Article

AN - SCOPUS:0031708017

SN - 1364-985X

VL - 42

SP - 249

EP - 261

JO - Australian Journal of Agricultural and Resource Economics

JF - Australian Journal of Agricultural and Resource Economics

IS - 3

ER -

Carnavon Gorge: a comment on the sensitivity of consumer surplus estimation to functional form specification

Abstract

Access to Document

Other files and links

Cite this