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We develop a theory of “risky utilities”, i.e. private firms that manage an infrastructure for public service, and that may be tempted to engage in excessively risky activities, such as reducing maintenance expenditures (at the risk of provoking a break-down of the system) or in speculation...
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This paper introduces the concept of range-dependent utility. Instead of reference dependence which evaluates outcomes … decision maker is a fully rational expected utility maximizer only within a certain range. Range-dependent utility enables …-dependent utilities can be normalized to obtain decision utility -- a single utility function able to describe decisions involving …
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behavioral attitudes for utility's financial interest. Attitudinal changes can significantly impact successes on energy …
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Utility tokens are digital currencies that serve as the only accepted means of payment for services and products …’s issuance, distribution, allocation, and potential destruction. The chapter describes utility tokens, compares them with other … tokenomic designs, discusses different regulatory approaches, and provides examples of current utility token applications in …
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