txhunter58:

Maybe it won't be so bad as you think. Many markets exhibit price point sensitivity, and I bet hunting licenses are one of these. Looking at Colorado hunting licenses across the board -- not just applications for coveted trophy areas -- I'm guessing supply and demand are closely matched right now. If increased price drives down demand, over supply will exist -- which means unsold license opportunities. Would that happen? Only time would tell the tale. What are the economic effects of, for example, fewer elk licenses sold? Potentially diminished revenue for CPW . . . but also diminished revenue for hotels, restaurants, etc. I don't think they can willy-nilly jack up the price to any figure they like without suffering diminished demand.

But that is just my opinion, and I have no monopoly on the truth.