What does willingness to pay mean?
Definitions for willingness to pay
will·ing·ness to pay
This dictionary definitions page includes all the possible meanings, example usage and translations of the word willingness to pay.
Wikipedia
Willingness to pay
Willingness to pay (WTP) is the maximum price at or below which a consumer will definitely buy one unit of a product. This corresponds to the standard economic view of a consumer reservation price. Some researchers, however, conceptualize WTP as a range. According to the constructive preference view, consumer willingness to pay is a context-sensitive construct; that is, a consumer's WTP for a product depends on the concrete decision context. For example, consumers tend to be willing to pay more for a soft drink in a luxury hotel resort in comparison to a beach bar or a local retail store.
Numerology
Chaldean Numerology
The numerical value of willingness to pay in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of willingness to pay in Pythagorean Numerology is: 4
Examples of willingness to pay in a Sentence
The government has been trying very hard to prove their willingness to pay, this is why repaying the 2015 bond is very symbolic for the government and the market.
The Chargers don’t have as much money, and they’re not participating in this grander development, so their willingness to pay for the stadium cost in Inglewood is much less than the Rams.
As many consumers emerge from this crisis, their willingness to pay full price for apparel will be reduced, this plays right into the hands.
It (would be) the first failure by the government to pay on a debt to public investors and indicates the weakness of the government's ability and willingness to pay.
Investors have focused for a long time on Ecuador's willingness to pay given past defaults, but I think now it is more about ability to pay.
Translation
Find a translation for the willingness to pay definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"willingness to pay." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/willingness+to+pay>.
Discuss these willingness to pay definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In