The Net Economic Value of Elk Hunting in Montana 1988
The Net Economic Value of Elk Hunting in Montana 1988
Montana.Dept. of Fish, Wildlife, And Parks
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Because of this finding, the base case result may be used as a good, though somewhat conservative, estimate. One advantage of using the base case is that the conventional estimates (based on predicted trips) are meaningful and can be compared to the results of other studies. Table 14 also provides some evidence on the sensitivity of 69 benefit estimates to specification of the price variable. Cases A through E are based on the RDTRDSl price variable. An alternative definition (described in Sect...ion V) is RDTRDS2 where nonresident fixed costs per trip include the $300 permit fee. Cases C and F are comparable except that Case F is based on RDTRDS2. The relative values per trip are $200.44 and $220.83 respectively. Accordingly, benefits estimates vary by about 10 percent due to separate effect of the alternative price variable specification. The overall effect of both the alternative price specification and the use of total potential nonresident trips in the data base (TRIPCP3) can be seen by comparing Case F and the base case.
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