Valuing Access to our Public Lands: A Unique Public Good Pricing Experiment



Table 8. Predicted Revenue and Number of Pass Holders (Non-Parametric Estimates)

RDD Sample

NPF Sample

Price

Predicted
Number of
Pass Holders
(in thousands)

NRP Revenue
(millions of $)

Gate Revenue
(millions of $)

Predicted
Number of
Pass Holders
(in thousands)

NRP Revenue
(millions of $)

Gate Revenue
(millions of $)

15

2,698.2

40.5

137.9

41,414

0.62

0.11

25

1,828.4

45.7

155.2

39,609

0.99

0.15

35

1,207.1

42.2

173.8

35,133

1.23

0.28

45

603.6

27.2

198.0

27,610

1.24

0.59

55

497.0

27.3

203.8

20,989

1.15

0.92

65

461.5

30.0

205.8

15,385

1.00

1.25

75

319.5

24.0

216.1

12,940

0.97

1.42

85

284.0

24.1

218.8

9,667

0.82

1.68

95

248.5

23.6

222.1

7,335

0.70

1.89

105

213.0

22.4

225.7

4,965

0.52

2.13

115

88.8

10.2

239.6

3,987

0.46

2.23

125

71.0

8.9

241.8

2,972

0.37

2.36

135

53.3

7.2

244.2

2,520

0.34

2.42

145

17.8

2.6

249.3

1,881

0.27

2.51

155

17.8

2.8

249.3

1,241

0.19

2.60

165

0

0

252.1

1,091

0.18

2.63

175

0

0

252.1

828

0.14

2.67

185

0

0

252.1

715

0.13

2.69

195

0

0

252.1

489

0.10

2.73

205

0

0

252.1

226

0.05

2.79

215

0

0

252.1

226

0.05

2.79

225

0

0

252.1

113

0.03

2.81

235

0

0

252.1

113

0.03

2.81

245

0

0

252.1

113

0.03

2.81

255

0

0

252.1

75

0.02

2.82

265

0

0

252.1

75

0.02

2.82

275

0

0

252.1

0

0

2.84

Notes. For simplicity, price points at the extremes of the bid range are excluded. RDD survey data have been
calibrated to reflect $30 million in NRP revenue at $65, based on current annual pass sales. NPF survey data have
been calibrated to reflect $1 million in NRP revenue at $65, based on estimated NPP and GEP sales to former

purchasers through NPF. Revenue and pass holder figures are calculated using the midpoint of the WTP interval.
Households that state “YES” to both bids are assigned a WTP equal to $10 plus the highest bid. For the RDD
sample, 67 protest households have been omitted, leaving a sample size of N = 462. For the NPF sample, 30
protest households have been omitted, leaving a sample size of N = 1461.

33



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