WTP

Willingness to pay
[Bereitschaft zu Bezahlen]
Willingness (and ability) to pay is the foundation of the economic theory of value. The idea is, if something is worth having, then it is worth paying for. The idea extends to environmental resources like water quality and natural resources like trees. The key assumption is that environmental values are anthropogenic. Whatever people think the environment is worth is what it is worth.
Fachbegriff
Politics
Englisch
Global
1. Jul 2011
10. Nov 2011