Why do economists use WTP as a measure of the value someone places on an environmental good

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Why do economists use WTP as a measure of the value someone places on an environmental good or ecosystem service?

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Introduction To Environmental Economics

ISBN: 9780199568734

2nd Edition

Authors: Nick Hanley, Jason Shogren, Ben White

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Question Posted: Feb 15, 2024 07:00 AM

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Why do economists use WTP as a measure of the value someone places on an environmental good

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Willingness to Pay WTP is a fundamental concept in environmental economics It represents the maximum amount an individual is willing to pay to obtain ...View the full answer

Introduction To Environmental Economics

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