amount, provides an estimate of the mean or maximum willingness 

 to pay. The upper level of integration for the mountain lion 

 study was $500.00, the highest bid level. 



While there is no analytical method for deriving standard errors 

 of the truncated means, a bootstrapping procedure by Duf field and 

 Patterson (1991) provides reliable estimates. 



Table 9. presents the estimates of net economic value associated 

 with mountain lion hunting. These estimates are for resident and 

 nonresidents lion hunters and represent the value these 

 individuals place on hunting/chasing mountain lions over their 

 actual costs. Resident hunters valued their hunting/chasing at 

 $25.00 per trip while nonresidents valued their trips at 

 $125.00. This is not surprising given their higher income levels 

 and the length of time they have to hunt lions. 



The total net economic value of mountain lion hunting is 

 estimated to be $450,525 for the 1993/1994 hunt/chase season. 

 This includes both resident and nonresident value calculated at 

 $369,525 and $81,000 respectively. 



16 



