Interesting Questions Worthy of Further Study: Our Reply to Desvousges, Mathews and Train's (2015) Comment on Our Thoughts (2013) on Hausman's (2012) Update of Diamond and Hausman's (1994) Critique of Contingent Valuation
Applied Economic Perspectives & Policy 31(1): 183-9, doi/10.1093/aepp/ppw003
Posted: 25 May 2018
Date Written: 2016
Abstract
Desvousges, Mathews, and Train (2016) have provided a comment on our 2013 paper in which we discuss Hausman’s (2012) critique of the contingent valuation (CV) method. In their introduction, Desvousges, Mathews, and Train state that they will compare quotes from our paper to “current CV practice and findings.” However, our arguments were driven, where possible, by our understanding of “best” practice, not current practice. Where it is unclear what best practice is, we demonstrated that the evidence is more positive than what Hausman asserts.
Suggested Citation: Suggested Citation
Haab, Timothy C. and Interis, Matthew G. and Petrolia, Daniel R. and Whitehead, John C., Interesting Questions Worthy of Further Study: Our Reply to Desvousges, Mathews and Train's (2015) Comment on Our Thoughts (2013) on Hausman's (2012) Update of Diamond and Hausman's (1994) Critique of Contingent Valuation (2016). Applied Economic Perspectives & Policy 31(1): 183-9, doi/10.1093/aepp/ppw003, Available at SSRN: https://ssrn.com/abstract=3179103
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