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WILLINGNESS TO PAY

Statistics Directorate    
French Equivalent: Acceptation des charges

Definition:
The stated price that an individual would accept to pay for avoiding the loss or the diminution of an environmental service.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank, 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 9.92.

Cross References:
Contingent valuation

Statistical Theme: Environmental statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, July 6, 2005