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Term

willingness to pay

Term

The amount an individual is willing to pay to acquire some good or service. This may be elicited from stated or revealed preference approaches.

Synonyms:

Source:

EEA Glossary

Context:

Comment

Definition source publication

UNEP. 1995. Global Biodiversity Assessment. Annex 6, Glossary. Quoted by: Convention of Biological Diversity Secretariat. Belgian Clearing-House Mechanism.

Publication year

1995

Definition source URL

http://www.kbinirsnb.be/bch-cbd/belgium/glossary/glos_w.htm

Organisation

UNEP

Organisation full name

Subjects

ECONOMICS AND CORPORATE REPORTING

Long definition

Permalinks

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For references, please go to https://eea.europa.eu./help/glossary/eea-glossary/willingness-to-pay or scan the QR code.

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