MONTANA BIOECONOMICS STUDY 

 Table of Contents 



Execut i ve Summary i 



Study- 

 Purpose i 



Data Sources i 



Descriptive Statistics i 



Trip Valuation i 



Chapter I - Introduction 1 



Scope and Objectives 1 



Definition of Economic Benefits 1 



Chapter II - Methods 3 



Survey Design 3 



Sample and Survey Administration 3 



Survey Response Rates 3 



The Contingent Valuation Method 4 



Estimation of Net Economic Value Using Dichotomous 

 Choice CVM 5 



Chapter III - Descriptive Statistics 6 



Hunter Characteristics 6 



Trip Characteristics 8 



Lion Hunter Motivation and Management Preferences 8 



Mountain Lion Hunter Opinions on Management Options 10 



Mountain Lion Hunter Expenditures 12 



Chapter IV - Contingent Valuation Estimates 14 



Valuation Questions Asked 14 



Outlier and Protest Responses 14 



Model Specification 15 



Benefit Estimates 15 



Literature Cited 16 



Appendix A Mountain Lion Hunter Survey 17 



Appendix B Estimated Bivariate Equations 22 



