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:

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.
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.
In the Base Estimate, the willingness-to-pay estimate was derived from two contingent valuation studies (Viscusi et al.
The second issue is addressed by assuming that the relationship between age and willingness-to-pay for fatal risk reductions can be approximated using an adjustment factor derived from Jones-Lee (1989).
Economic valuation of benefits often involves estimation of the willingness-to-pay of individuals to avoid harmful health or environmental effects.