Matches in DBpedia 2016-04 for { ?s ?p "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)."@en }
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- Willingness_to_accept 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 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).".