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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).".
- Willingness_to_accept wikiPageID "22435531".
- Willingness_to_accept wikiPageLength "5816".
- Willingness_to_accept wikiPageOutDegree "18".
- Willingness_to_accept wikiPageRevisionID "701987036".
- Willingness_to_accept wikiPageWikiLink Becker–DeGroot–Marschak_method.
- Willingness_to_accept wikiPageWikiLink Category:Business_economics.
- Willingness_to_accept wikiPageWikiLink Category:Economics_terminology.
- Willingness_to_accept wikiPageWikiLink Category:Microeconomics.
- Willingness_to_accept wikiPageWikiLink Choice_modelling.
- Willingness_to_accept wikiPageWikiLink Coase_theorem.
- Willingness_to_accept wikiPageWikiLink Dan_Ariely.
- Willingness_to_accept wikiPageWikiLink Daniel_Kahneman.
- Willingness_to_accept wikiPageWikiLink Economics.
- Willingness_to_accept wikiPageWikiLink Endowment_effect.
- Willingness_to_accept wikiPageWikiLink Expected_utility_hypothesis.
- Willingness_to_accept wikiPageWikiLink Gains_from_trade.
- Willingness_to_accept wikiPageWikiLink Opportunity_cost.
- Willingness_to_accept wikiPageWikiLink Pollution.
- Willingness_to_accept wikiPageWikiLink Property_rights_(economics).
- Willingness_to_accept wikiPageWikiLink Richard_Thaler.
- Willingness_to_accept wikiPageWikiLink Utility.
- Willingness_to_accept wikiPageWikiLink Ziv_Carmon.
- Willingness_to_accept wikiPageWikiLinkText "Willingness to Accept or Pay (WTAP)".
- Willingness_to_accept wikiPageWikiLinkText "Willingness to accept".
- Willingness_to_accept wikiPageWikiLinkText "willingness to accept".
- Willingness_to_accept wikiPageUsesTemplate Template:Reflist.
- Willingness_to_accept subject Category:Business_economics.
- Willingness_to_accept subject Category:Economics_terminology.
- Willingness_to_accept subject Category:Microeconomics.
- Willingness_to_accept hypernym Amount.
- Willingness_to_accept type Disease.
- Willingness_to_accept type Microeconomic.
- Willingness_to_accept type Page.
- Willingness_to_accept 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.".
- Willingness_to_accept label "Willingness to accept".
- Willingness_to_accept sameAs Q8021980.
- Willingness_to_accept sameAs Disposición_a_pagar.
- Willingness_to_accept sameAs Aktsepteerimisvalmidus.
- Willingness_to_accept sameAs m.05zx3pj.
- Willingness_to_accept sameAs Q8021980.
- Willingness_to_accept wasDerivedFrom Willingness_to_accept?oldid=701987036.
- Willingness_to_accept isPrimaryTopicOf Willingness_to_accept.