stable
Entry: willingness to accept compensation
URI: https://data.geoscience.earth/ncl/ISO14008/3.2.2
minimum amount of money an individual is prepared to accept as compensation to forgo an environmental improvement or to tolerate an environmental loss. Note 1 to entry: In practice, willingness to pay (WTP) (3.2.1) and WTA appear to diverge, often substantially, and with WTA > WTP. Hence, the choice of WTP or WTA can be of importance.
Core metadata
| is a | Concept |
| submitted by | Corentin Follenfant |
| accepted on | 31 Mar 2025 14:23:07.028 |
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All metadata properties
| date accepted |
31 Mar 2025 14:23:07.028
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| date submitted |
31 Mar 2025 14:21:43.208
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| definition |
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| item class |
Concept
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| label |
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| notation |
3.2.2
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| register |
ISO14008
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| status |
status stable
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| submitter |
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| type |
register item
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| version info |
2
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Definition
| acronym |
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| broader |
Environmental economics
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| definition |
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| notation |
3.2.2
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| pref label |
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| same as |
iso:std:iso:14008:ed 1:v1:en:term:3.2.2
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| source |
ISO14008:2019
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| type |
Concept
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