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This paper studies life-cycle preferences over consumption and health status. We show that cost-effectiveness analysis is consistent with cost-benefit analysis if the Lifetime utility function is additive over time, multiplicative in the utility of consumption and the utility of health status,...
Persistent link: https://www.econbiz.de/10009447937
-based profit-incentive process into the traditional rate-base, rate-of-return, profit-control approach to regulation. How the … struggle to meld two potentially contradictory control and incentive programs will be resolved remains to be seen. As of now … retain overall control of the evolution of the regulated electric supply market. …
Persistent link: https://www.econbiz.de/10009436580
This paper develops and empirically tests a predictive model of the attributes that give one entity dominant control … over the decision making of another entity. Control is modelled to be a linear function of four key attributes: (I) the …. The importance of each attribute is estimated through a conjoint experiment wherein subjects judge the degree of control …
Persistent link: https://www.econbiz.de/10009441697
interaction the trusting agent, in order to analyse the Risk, has to consider the possible likelihood of failure of the … from a set of probable trusted agents. In this paper, we propose a fuzzy risk based decision making system that would …
Persistent link: https://www.econbiz.de/10009434916
is obvious for the trusting peer to analyze the Risk beforehand that could be involved in dealing with a trusted peer in … of choosing a peer to interact with by analyzing the Risk that could be involved in dealing with each of the possible … which peer to interact with after analyzing the Risk that could be associated in dealing with each of them. …
Persistent link: https://www.econbiz.de/10009434921
assessments of risk and benefit. The results indicate that this relationship is consistent across a variety of products and … heuristic and subsequent judgments of risk and benefit. Recently, Song and Schwarz investigated the relationship between … differences in fluency and perceptions of risk. Their results suggested that fluency experiences influence risk perception through …
Persistent link: https://www.econbiz.de/10009447361
A methodology for the conceptual design phase risk assessment of an aerospace system was proposed. The method was … designed to examine political, social, and economic risk over a systems lifecycle through the use of future scenarios to bound … political, social, and economic risk during conceptual level design, and that this information can be used to aid in design down …
Persistent link: https://www.econbiz.de/10009475961
Persistent link: https://www.econbiz.de/10009448801
Wildland fire is a major disturbance agent that shapes the forest health, productivity, and ecological diversity of eastern Oregon and Washington, USA. Fire behaviour and the effects of fire on flora, fauna, soils, air, and water are in large part driven by the availability of fuels to consume...
Persistent link: https://www.econbiz.de/10009460416
Management at Risk (CMR), and Public-Private Partnership (PPP)). A comprehensive set of critical issues are defined in this …-attribute decision tools are also applied as another approach to select a PDM. Using quantitative risk analysis and concentrating on the …
Persistent link: https://www.econbiz.de/10009460813