Abstract
The charter forest experiment at the Valles Caldera National Preserve (VCNP) in New Mexico provides land managers, policymakers, and researchers a unique opportunity to examine an alternative public land management institution. The VCNP mature bull elk permit lottery has been the largest revenue-generating recreation program at the preserve since the program’s inception in 2002. This paper uses stated and revealed preference ticket purchase data, collected through an online survey, to estimate a set of ticket demand equations for the purpose of assessing revenue generation, access, and the willingness to donate to this program. (JEL Q20)
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