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- Q8021980 subject Q5545883.
- Q8021980 subject Q6741473.
- Q8021980 subject Q7214790.
- Q8021980 abstract "In economics, willingness to accept (WTA) is the minimum amount of money that а person is willing to accept to abandon a good or to put up with something negative, such as pollution. It is equivalent to the minimum monetary amount required for sale of a good or acquisition of something undesirable to be accepted by an individual. Conversely, willingness to pay (WTP) is the maximum amount an individual is willing to sacrifice to procure a good or avoid something undesirable. The price of any goods transaction will thus be any point between a buyer's willingness to pay and a seller's willingness to accept. The net difference between WTP and WTA is the social surplus created by the trading of goods.Several methods have been developed to measure consumer willingness to pay or accept payment. These methods can be differentiated whether they measure consumers' hypothetical or actual willingness to pay or accept and whether they measure consumer willingness to pay or accept directly or indirectly.Choice modelling techniques may be used to estimate the value of the WTP or WTA through a choice experiment.Unlike WTP, WTA is not constrained by an individual's wealth. For example, the willingness to pay to stop the ending of one's own life can only be as high as one's wealth, while the willingness to accept compensation to accept the loss of one's life would be an extremely high number (or maybe infinite, meaning that there would be no finite acceptable payment amount).".
- Q8021980 wikiPageWikiLink Q1050037.
- Q8021980 wikiPageWikiLink Q1340861.
- Q8021980 wikiPageWikiLink Q185715.
- Q8021980 wikiPageWikiLink Q18808545.
- Q8021980 wikiPageWikiLink Q2319304.
- Q8021980 wikiPageWikiLink Q233950.
- Q8021980 wikiPageWikiLink Q371212.
- Q8021980 wikiPageWikiLink Q466707.
- Q8021980 wikiPageWikiLink Q4878678.
- Q8021980 wikiPageWikiLink Q5104035.
- Q8021980 wikiPageWikiLink Q5545883.
- Q8021980 wikiPageWikiLink Q58734.
- Q8021980 wikiPageWikiLink Q6741473.
- Q8021980 wikiPageWikiLink Q7214790.
- Q8021980 wikiPageWikiLink Q731905.
- Q8021980 wikiPageWikiLink Q789788.
- Q8021980 wikiPageWikiLink Q8134.
- Q8021980 wikiPageWikiLink Q8799101.
- Q8021980 comment "In economics, willingness to accept (WTA) is the minimum amount of money that а person is willing to accept to abandon a good or to put up with something negative, such as pollution. It is equivalent to the minimum monetary amount required for sale of a good or acquisition of something undesirable to be accepted by an individual. Conversely, willingness to pay (WTP) is the maximum amount an individual is willing to sacrifice to procure a good or avoid something undesirable.".
- Q8021980 label "Willingness to accept".