Willingness to pay definition

Willingness to pay means a monetary measure of what Californians would be willing to relinquish for a quantity of a good or service if there was no alternative means of obtaining that same quantity.

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Willingness to pay means the total value of all Bids for the incremental capacity bid for under this alternative allocation mechanism expressed in Euro submitted by the Bidder for the period October 2022 – October 2037, taking into account Indicative Reserve Price Po. In case of Hungary converted from local currency to Euro at the currency exchange rate stated in this document in Article 4.1. (For avoidance of any doubts to calculate Willingness to pay only the Indicative Reserve Price Po is applied as a constant regardless of the size and duration of the capacity booking i.e.: the price to calculate the Willingness to pay may differ from the actual price of the allocated capacities as per valid Price Decision).

Willingness to pay means the total value of all Bids for the incremental capacity bid for under this alternative allocation mechanism expressed in Euro submitted by the Bidder for the period October 2022 – October 2037, taking into account Indicative Reserve Price Po. In case of Hungary converted from local currency to Euro at the currency exchange rate stated in this document in Article

Examples of Willingness to pay in a sentence

• The following items are not included in this scope: • Willingness to pay survey (residents and freight carriers) • Strategic Communications strategy • Analysis depth in alternative congestion management strategies The duration of this project is anticipated to be approximately five (5) months from Notice to Proceed (NTP), including GOAA review time of draft deliverables.

• Willingness to pay method has supported policy analysis and decision making in Estonia for some time now.

• Willingness to pay is determined from credit scores (see Exhibit v), bankruptcy and delinquency history of mortgage and consumer debt.

• The work experience in the sector of Economic analysis, Demand analysis and Willingness to pay assessment under externally funded projects (ADB or Work Bank etc.) for 2-years will be an advantage.

• Willingness to pay and the amount people are willing to pay is a subject for further research.

• Households’ Willingness to pay for “green” goods: Evidence from Patagonia’s introduction of organic cotton sportswear.

• Willingness to pay taxes through mutual trust: The effect of fairness, governability, tax‐enforcement and outsourcing on local tax collection rates.

• Willingness to pay for the improvement was expressed by 95% of the residents interviewed as opposed to 5% who did not.

More Definitions of Willingness to pay

Willingness to pay means “How much would someone pay to receive the program?” While conceptually it’s possible to measure this directly (for example, by auctioning off program slots), this rarely happens in practice. Most MVPF analyses instead measure the economic benefits of a program and then convert to a “willingness to pay” estimate. For example, if a program increases wages by $2,000, you would estimate the “net present value” (how much that future increase is worth to you today) of the wage increase by applying a discount factor (typically 3%) to each subsequent year. If a program increased longevity by one year, that could be multiplied by the “statistical value of a life’ calculated by government agencies. “Net fiscal cost”, in this context, accounts for two things—both the upfront cost of the program itself (how much it cost the government to run the program) and any subsequent downstream changes in government spending or revenues. For example, a program that increased beneficiaries’ income would also increase the government’s tax revenues.

Willingness to pay is an economic term which means the amount that a consumer is prepared to pay for a product or service which they desire. One of the factors affecting willingness to pay may be that the consumer is not satisfied with the level of service provided, although he has the means to pay.

Willingness to pay means the amount of money that people would be willing to give up for a quantity of a good if there was no alternative means of obtaining that same quantity.