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

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