1. https://data.geoscience.earth/ncl
  2. ISO14008
  3. _3.2.1
stable

Entry: willingness to pay

URI: https://data.geoscience.earth/ncl/ISO14008/3.2.1

maximum amount of money an individual is prepared to give up to secure an environmental improvement or to avoid an environmental loss. Note 1 to entry: In practice, WTP and willingness to accept compensation (WTA) (3.2.2) appear to diverge, often substantially, and with WTA > WTP. Hence, the choice of WTP or WTA can be of importance.

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is a Concept
submitted byCorentin Follenfant
accepted on 31 Mar 2025 14:23:07.023

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date accepted 31 Mar 2025 14:23:07.023
date submitted 31 Mar 2025 14:21:43.194
definition
entity willingness to pay
source graph graph

item class Concept
label
en willingness to pay
fr consentement à payer
notation 3.2.1
register ISO14008
status status stable
submitter
account name c.follenfant@brgm.fr
name Corentin Follenfant

type register item
version info 2
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Definition

acronym
en WTP
fr CAP
broader Environmental economics
definition
en maximum amount of money an individual is prepared to give up to secure an environmental improvement or to avoid an environmental loss. Note 1 to entry: In practice, WTP and willingness to accept compensation (WTA) (3.2.2) appear to diverge, often substantially, and with WTA > WTP. Hence, the choice of WTP or WTA can be of importance.
fr somme d’argent maximale qu’un individu est prêt à payer pour obtenir une amélioration environnementale ou pour éviter une dégradation environnementale. Note 1 à l’article: Dans la pratique, une nette divergence apparaît souvent entre le CAP et le consentement à recevoir une compensation (CAR) (3.2.2), avec CAR > CAP. De ce fait, le choix du CAP ou du CAR peut être important.
notation 3.2.1
pref label
en willingness to pay
fr consentement à payer
same as iso:std:iso:14008:ed 1:v1:en:term:3.2.1
source ISO14008:2019
type Concept

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Has broader concept