Since an additional unit of C benefits all individuals, the left-hand side is the sum of the marginal willingness to pay for public SI of all individuals, which in a welfare maximum equals the marginal cost of an additional unit of C.
What does MWTP stand for?
MWTP stands for Marginal Willingness To Pay
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of MWTP
We have 2 other meanings of MWTP in our Acronym Attic
- Montana Wyoming Tribal Leaders Council (Billings, MT)
- Madison West Towne-Middleton (Wisconsin)
- Man With the Mike
- medium wall thickness adhesive-coated heat-shrinkable tubing
- Ministry of Works and Technical Maintenance
- Mobile Wireless Transport Manager (Cisco)
- Modeling With the Masters (National Model Railroad Association)
- Murtoa Water Tower Museum (Australia)
- Manitoba World Trivia Night (Canada)
- Multi-Wavelength Transport Network (telecommunications)
- Midland Water Treatment Plant (Midland, Michigan)
- Mine Waste Technology Program (Montana Tech of The University of Montana; Butte, MT)
- Minsk Wheel Tractor Plant (Minsk, Belarus)
- Mixed Waste Treatment Project
- Monkeys with TeamPlay
- Municipal Wastewater Treatment Plant (various locations)
- Mine Warfare Testing Range
- Mom Writers Talk Radio (online radio show)
- Mid Wales Trunk Road Agency (United Kingdom)
- Managed Wetlands Treatment System (Florida)
Samples in periodicals archive:
Pope, "Which Hedonic Models Can We Trust to Recover the Marginal Willingness to Pay for Environmental Amenities?
] / dQ) (21) The marginal willingness to pay for quality is the sum of the non-market value of the disutility of non-healthy time and the aesthetic value of quality, the opportunity cost of illness, and averting expenditures after the optimal adjustment to the quality change.
In this situation, any deadweight loss that had existed with no discrimination still exists, by which we mean that the gap between marginal willingness to pay for one more unit and marginal cost of producing one more unit is the same.
g] is called the consumer's marginal willingness to pay for the public good [10, 273-91].