We follow Fuhrer (2000) in estimating via Maximum Likelihood a log-linear consumption function on UK data. In doing so we consider various habit formation assumptions. We show that a model of purely external habits as in Fuhrer (2000) fits the UK data remarkably well, and possibly in a superior...

Typically, in a solar-to-electricity energy conversion process from a PV solar panel, this mechanism often accompanied with a creation of by-products which refers to unproductive heat on the surface of PV solar panel. This unwanted heat energy produced will lead to reduction of total effective...