CONCLUSIONS 



A modified Travel Cost Model suggested by Brown, Shalloof 

 and Ksiao (1984) was used to calculate the net economic value of 

 deer hunting in Montana. The demand equation estimated from 

 survey data collected after the 1985 hunting season included 

 variables on distance, years hunted, and success. Although a 

 number of demographic and substitute site variables were tested, 

 none were found to be statistically significant. 



The TCM values presented in this report were calculated 

 using both reported and standard transportation costs. The 

 reported transportation costs are probably more accurate since 

 they represent the driving conditions and vehicle types used when 

 deer hunting. 



The average net economic value of $108 per trip or $55 per 

 hunter day equals the marginal net economic value of deer 

 hunting. Therefore, the values presented in this report can be 

 used in Benefit/Cost Analysis or economic efficiency analyses. 

 By putting the annual value of deer hunting into present value 

 terms, trade-off analyses with marketed resources (i.e., coal, 

 livestock, etc.) can be performed. 



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