From Hopeless to Curious?: Thoughts on Hausman’s “Dubious to Hopeless” Critique of Contingent Valuation

ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
John Whitehead Ph.D., Professor & Department Chair (Creator)
Appalachian State University (ASU )
Web Site:

Abstract: Hausman “selectively” reviewed the contingent valuation method (CVM) literature in 2012 and failed to find progress in the method during the 18 years since Diamond and Hausman argued that unquantified benefits and costs are preferred to those quantified by CVM. In this manuscript, we provide counterarguments to Hausman’s claims, not with the intent to convince the reader that the debate over CVM is settled in favor of the method, but rather to argue that the intellectual debate over CVM is ongoing, that dismissing CVM is unwarranted, and that plenty of work remains to be done for the truly curious researcher.

Additional Information

Haab, Timothy C., Interis, Matthew G., Petrolia, Daniel R., Whitehead, John C. (2013). From Hopeless to Curious?: Thoughts on Hausman’s ‘Dubious to Hopeless’ Critique of Contingent Valuation, Applied Economic Perspectives and Policy 35(4):593-612. Publisher version available from (ISSN: 2040-5804) DOI: 10.1093/aepp/ppt029
Language: English
Date: 2013

Email this document to