Both cycles are limited by the same fundamental value (the Carnot coefficient) so I don't think that it would be a huge difference between the two cycles. Rathe

Both cycles are limited by the same fundamental value (the Carnot coefficient) so I don't think that it would be a huge difference between the two cycles. Rather, I suspect that there are not all that municipalities that have (or need) both district heating AND district cooling. I expect that in the future we'll see a lot more industrial use of waste heat from power plants though, and part of that might take the form of on-site absorption chillers.