Xii . the Review Panel ' S Assessment

The preceeding four chapters contain the views of economics scholars whose own research has been focused on the development of the CVM; their interests and expertise in (with) the method was reflected in our repeated references in Part I to their earlier works. As stated in Chapter I, the breadth of our assessment of the CVM is greatly enhanced by looking also to outstanding scholars whose research interests are a step removed from CVM research for their assessments of the state of the arts of the method. Thus, our Review Panel, consisting of Professors Arrow, Kahneman, Rosen and Smith, offer the Comments given in Sections B E in response to, first their pre-Conference reading of Tart I and secondly, the Conference presentations of Professors Randall, Bishop, Heberlein, Freeman and V. Kerry Smith.