A Comment on “An Adding Up Test on Contingent Valuations of River and Lake Quality”

John Whitehead

No 17-01_R, Working Papers from Department of Economics, Appalachian State University

Abstract: Desvousges, Mathews and Train (2015) find that their contingent valuation method (CVM) survey does not pass the adding up test. Another interpretation is that the authors do not conduct an adding up test following the required economic theory. DMT make incorrect claims about economic theory and the cognitive burden of fielding the adding up test that result in a flawed implementation of the adding up test. A correct interpretation of the survey leads to results that support the validity of the contingent valuation method. Key Words: Contingent valuation, Adding up test, Cognitive burden, Scope test

JEL-codes: Q51 (search for similar items in EconPapers)
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