TABLE OF CONTENTS 



Page 



EXECUTIVE SUMMARY i 



TABLE OF CONTENTS iii 



LIST OF TABLES iv 



ACKNOWLEDGEMENTS v 



INTRODUCTION 



Purpose and Scope of Research 1 



Definition of Benefits 1 



RECREATION DEMAND AND BENEFIT ESTIMATION METHODOLOGY 



Introduction 3 



Estimating the First Stage or Per Capita 



Demand Equation 3 



Assumptions of the Travel Cost 



Model: Estimation 5 



Calculation of Benefits from the Per Capita 



Demand Equation 9 



DATA SOURCES 12 



STATISTICAL ESTIMATION OF DEER HUNTING 



DEMAND EQUATION 15 



TRAVEL COST PARAMETER ANALYSIS 



Opportunity Cost of Time 18 



Variable Transportation Costs 19 



Expenditure Data 21 



BENEFIT ESTIMATES 23 



Net Economic Values for Montana Deer Hunting 23 



Site Recreational Values 27 



CONCLUSIONS 30 



REFERENCES 31 



APPENDICES 



