Exact(15)
Given the low carbon footprint of natural gas and projections of abundant supplies and low prices for the foreseeable future, utilities will continue to opt for gas-fired generation unless mandated to do otherwise.
However, a long L can be chosen only when the consumers valuate the future utilities sufficiently high enough.
On the other hand, a too long billing cycle reduces the consumers' valuation of future utilities and, beyond some point, it violates the consumers' incentives to comply.
Both future costs and future utilities, or QALY, were discounted at 3% for consistency with current practices in cost-effectiveness analysis [8].
Moreover, the optimal billing cycle depends on how much the consumers value the future utilities which is parameterized by the discount factor δ. When δ is large, consumers value more their future utilities, and hence, a longer billing cycle can be used.
An alternative approach is the option value developed by Stock and Wise (1990), in which a representative agent considers the flow of expected future utilities to continue working against retirement.
Similar(45)
Mr. Buffett told shareholders Berkshire's future utility investments "could be large".
It has been shifted to a route closer to Greenwich Street, allowing future utility connections to the office towers.
The heightened state reviews could slow future utility deals and may push companies to consider spinning off their regulated businesses, bankers said.
Over-use of antibiotics is very dangerous because it has consequences for the individual and the future utility of that drug.
If one useful object is being traded for another (or, in the modern context, for hard cash), the future utility of what is being given up is embedded in the object being traded.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com