valuation models are sensitive to the upper limit of integration. 

 The upper limit for the two Montana CVM studies were based on the 

 maximum bid amount asked : $1100 for Loomis et al . (1988) on elk 

 and $2000 for the current study on deer. When the Loomis et al . 

 (1988) is extrapolated to a $2000 integration limit and corrected 

 for inflation, the per day value is very similar to the results 

 of the current study. 



The maximum bid amount was increased to $2000 for the current 

 study because of the relatively high proportion of respondents 

 who were willing to pay up to $1100 in the previous surveys. 



38 



