Willingness to accept definition

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Willingness to accept

Willingness to accept logo #21000 Willingness to accept (WTA) is the 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 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 ...
Found on http://en.wikipedia.org/wiki/Willingness_to_accept
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