TABLE OF CONTENTS 



Page 



EXECUTIVE SUMMARY i 



ACKNOWLEDGEMENTS iv 



TABLE OF CONTENTS V 



LIST OF TABLES vii 



CHAPTER I : INTRODUCTION 1 



Objectives 1 



Definition of Economic Benefits 1 



CHAPTER II: MEASUREMENT OF NET WILLINGNESS TO PAY: THEORY 



AND METHODS 3 



The Contingent Valuation Method 3 



Estimation of Willingness to Pay Using Dichotomous 



Choice CVM 4 



CHAPTER III : DATA SOURCES 5 



Questionnaire Administration 5 



Response Rates 5 



CHAPTER IV: DESCRIPTIVE STATISTICS 6 



Hunter Characteristics 6 



Trip Characteristics 9 



Hunter Expenditure Data 11 



Hunter Management Preferences 12 



CHAPTER V: MONTANA DEER HUNTING VALUATION ANALYSIS: MODEL 



SPECIFICATION AND ESTIMATION 14 



Contingent Valuation Questions Asked 14 



Outlier and Protest Responses 15 



Specification of the Model 16 



Estimated Equations 18 



Benefit Estimates 23 



Analysis of Values Across CVM Questions 25 



Analysis of Values Across Regions 28 



Analysis of Dispersion Around Nonparametric Means .... 29 



Comparison of Results to Previous Studies 37 



