STATISTICAL ESTIMATION OF THE DEER HUNTING DEMAND EQUATION 



The basic variables used in the deer hunting (first stage) 

 demand equation are shown in Equation 1. The specific variables 

 used in preliminary regression estimates included demographic 

 variables such as age, income, education, years of hunting 

 experience, and success variables. Two substitute variables were 

 defined from the survey data. One was a dummy variable based on 

 the yes/no response to whether there was a substitute elk hunting 

 site available to the hunter. A second substitute variable was 

 based on the telephone survey response to (if yes, a substitute 

 exists) the named substitute area and the distance to that 

 substitute area. Substitute distance was calculated from the 

 sample using actual trips from a given origin to the named 

 substitute. Distance to a substitute was used as a measure of 

 substitute price. 



The results of the estimation of Equation 1 (double log 

 specification) are as follows: 



2)LTRIPCAP= -.825 - 1 . 2 179LRDTRDIS - .1376 LYRSHUNT 

 (t-statistics) : (-.88) (32.38) (-2.647) 



- .4657 LSUCS 

 (-1.917) 

 Adjusted R^ = .56, Observations = 994, b-statistic = 422.65 

 where: 



LTRIPCAP = log of trips by individual i to site j over fractional 

 zonal population (trips per capita). 



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