Words similar to willingness-to-pay

Example sentences for: willingness-to-pay

How can you use “willingness-to-pay” in a sentence? Here are some example sentences to help you improve your vocabulary:

Economic valuation of benefits often involves estimation of the willingness-to-pay of individuals to avoid harmful health or environmental effects.
In general, economists tend to view an individual's willingness-to-pay (WTP) for an improvement in environmental quality as the most complete and appropriate measure of the value of an environmental or health risk reduction.
In the Base Estimate, the willingness-to-pay estimate was derived from two contingent valuation studies (Viscusi et al.
These include: 1) the impact of using wage-risk and contingent valuation-based value of statistical life estimates in valuing risk reductions from air pollution as opposed to contingent valuation-based estimates alone, 2) the relationship between age and willingness-to-pay for fatal risk reductions, and 3) the degree of prematurity in mortalities from air pollution.
For the Alternative Estimate, a cost-of illness value is used in place of willingness-to-pay to reflect uncertainty about the value of reductions in incidences of chronic bronchitis.