Construct · 1 fields · 1 citations

willingness to accept: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Environmental economics

the minimum compensation a person would require to give up a good, which studies find usually exceeds what they would pay to gain it.

In environmental economics, willingness to accept refers to the minimum compensation a person would require to give up a good, which studies find usually exceeds what they would pay to gain it. This meaning comes from Horowitz (2002) in Journal of Environmental Economics and Management.[1]

Unit
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Nearby constructs

endowment effect4 names · 7 citationsjangle · one gap, many names acceptance of nuclear power1 fields · 1 citationsanchor · a standalone construct compensation2 fields · 2 citationsjingle · one word, two constructs

References

Horowitz, J. K., & McConnell, K. E. (2002). A Review of WTA/WTP Studies. Journal of Environmental Economics and Management, 44(3), 426-447. https://doi.org/10.1006/jeem.2001.1215

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