Talk:Contingent valuation

Failed FAC
Self nomination. I'm kinda new to Wiki so I'm not sure if it's suitable or if it is a too specific topic. It's fairly comprehensive, based on a research essay I did on the subject. (User:Psychobabble)
 * Don't forget to sign your nominations ;-) -- Chris 73 Talk 07:13, Oct 9, 2004 (UTC)


 * Object. Not bad, but I think this needs work to get featured. 1) I find the article a bit difficult to understand if you don't already have an idea what it is about. A little more context is needed. 2) I would like to see an example of contingent valuation. How is it done? This is hardly discussed and can be made up only partially from other sections. 3) The article is a US-centric. All of the examples, history etc. refer to the US - save one mention of Australia. Is this technique also used outside of the US? If not, it should be explained this is a US-thing only (and why), if so, this should be discussed. 4) There are no images. I agree that direct pictures may be impossible, but some of the linked articles (Exxon Valdez, NOAA) have images that could be used. 5) The article is quite short as it is. All sections could use some expansion. There's a lot more to tell about the history ("Use of the technuique has spread from there.") and controversies, I think. 6) Finally, there are some small issues that are not conform the Manual of Style, but those are really minor things. Jeronimo 08:22, 10 Oct 2004 (UTC)
 * object. i'm pleased to see this article written, and it's a good start.  however, it has a long way to go before featured status.  i'd be willing to help out sometime in the next couple months, as i teach a course in non-market valuation.  but, it's just not there yet.  john whitehead's 'primer for practioners' would be worth looking at to guide a lengthier presentation at wikipedia level. Wolfman 04:39, 14 Oct 2004 (UTC)

This is another reader. The article talks all around its subject, but it doesn't seem to define what contingent valuation IS -- i.e., how such a study would be conducted. What is the theory behind it, and the practice?

Math+CVM
Hello,

I was wondering if there are journals/textbooks available which can help my understanding of math involved in CVM, particularly of Choice Modelling/Paired Comparison Surveys.

Any help in this matter will be appreciated. Thanks

An explanation of the contingent valuation method is missing.... I think this is central. There should be an theoretical explanation and some examples at the beginning!

Maby I can come up with it later, but my english is not perfekt at all...

Meaning of the term "contingent..."?
At least for a non-English speaker, the term "contingent valuation" is obscure and far from self-evident, because the word "contingent" has several entirely different meanings. The word can be used as an adjective or as a noun. Thus, please clarify which particular meaning of the word "contingent" is referred to in the term "contingent valuation". Thank you! --Typofier 17:43, 10 November 2011 (UTC) — Preceding unsigned comment added by Typofier (talk • contribs)

Dr. Czajkowski's comment on this article
Dr. Czajkowski has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

"http://wikipediastudy-env-zqgr3rc39r.elasticbeanstalk.com/JoinWikipedians?userpage=5347#

The article does not summarize the state-of-the-art of contingent valuation well, in my opinion. For a recent overview see: Carson, R. T., and Czajkowski, M., 2014. The Discrete Choice Experiment Approach to Environmental Contingent Valuation. In: Handbook of choice modelling, S. Hess and A. Daly, eds., Edward Elgar, Northampton, MA.

Or a series of articles in the Journal of Economic Perspectives: https://www.aeaweb.org/articles.php?doi=10.1257/jep.26.4"

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Czajkowski has published scholarly research which seems to be relevant to this Wikipedia article:


 * Reference 1: Mikoaj Czajkowski & Marek Giergiczny & Jakub Kronenberg & Jeffrey Englin, 2015. "The Individual Travel Cost Method with Consumer-Specific Values of Travel Time Savings," Working Papers 2015-12, Faculty of Economic Sciences, University of Warsaw.


 * Reference 2: Czajkowski, Mikoaj & Hanley, Nick & LaRiviere, Jacob, 2013. "The effects of experience on preference uncertainty: theory and empirics for environmental goods," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152155, Australian Agricultural and Resource Economics Society.

ExpertIdeas (talk) 04:38, 28 July 2015 (UTC)

Dr. Drichoutis's comment on this article
Dr. Drichoutis has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

"The wikipedia article needs to be expanded in two directions. First a discussion about hypothetical bias and the recent academic debate in the Journal of Economic Perspectives (Kling et al., 2012; Carson, 2012; Hausman, 2012; but also Haab et al., 2013).

Second, there could be a section about elicitation format used for eliciting valuations. The article contains a brief reference to the referendum format (which theoretically is the only incentive compatible format) but there are various other formats being used in the literature. Drichoutis et al. (2016) discuss the theoretical appeal of the referendum format and how all formats can be seen as generalizations of the referendum format.

The discussion on hypothetical bias and the referendum format could be tied with some discussion on the consequentiality literature which has been expanding fast (Czajkowski et al. 2015; Drichoutis et al., 2015; Rheinberger and Schläpfer, 2015; Vossler et al., 2012; Vossler and Watson, 2013).

References Czajkowski, M., Vossler, C.A., Budzinski, W., Wisniewska, A., Zawojska, E., 2015. Addressing Empirical Challenges Related to the Incentive Compatibility of Stated Preference Methods. University of Warsaw, Faculty of Economic Sciences Working Paper No. 31/2015 (179). Drichoutis, Andreas C.; Jayson L. Lusk and Valentina Pappa. 2016. "Elicitation Formats and the Wta/Wtp Gap: A Study of Climate Neutral Foods." Food Policy, 61, 141-55. Drichoutis, Andreas C.; Achilleas Vassilopoulos; Jayson Lusk and Rodolfo M. Nayga. 2015. "Fair Farming: Preferences for Fair Labor Certification Using Four Elicitation Methods." Munich Personal RePEc Archive Paper 62546. Kling, Catherine L.; Daniel J. Phaneuf and Jinhua Zhao. 2012. "From Exxon to Bp: Has Some Number Become Better Than No Number?" Journal of Economic Perspectives, 26(4), 3-26. Carson, Richard T. 2012. "Contingent Valuation: A Practical Alternative When Prices Aren't Available." Journal of Economic Perspectives, 26(4), 27-42. Haab, Timothy C.; Matthew G. Interis; Daniel R. Petrolia and John C. Whitehead. 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. Hausman, Jerry. 2012. "Contingent Valuation: From Dubious to Hopeless." Journal of Economic Perspectives, 26(4), 43-56. Rheinberger, C., Schläpfer, F., 2015. Its the cost credibility, stupid! a comment on ‘‘consequentiality: A theoretical and experimental exploration of a single binary choice”. Toulouse School of Economics Working Paper n. 15-573. Vossler, Christian A.; Maurice Doyon and Daniel Rondeau. 2012. "Truth in Consequentiality: Theory and Field Evidence on Discrete Choice Experiments." American Economic Journal: Microeconomics, 4(4), 145-71. Vossler, Christian A. and Sharon B. Watson. 2013. "Understanding the Consequences of Consequentiality: Testing the Validity of Stated Preferences in the Field." Journal of Economic Behavior & Organization, 86, 137– 47."

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Drichoutis has published scholarly research which seems to be relevant to this Wikipedia article:


 * Reference : Andreas C. Drichoutis & Jayson L. Lusk & Valentina Pappa, 2014. "Elicitation formats and the WTA/WTP gap: A study of climate neutral foods," Working Papers 2014-2, Agricultural University of Athens, Department Of Agricultural Economics.

ExpertIdeasBot (talk) 11:07, 28 May 2016 (UTC)

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