We examine potential selective reporting in the literature on the social cost of carbon (SCC) by conducting a meta-analysis of 809 estimates of the SCC reported in 101 studies. Our results indicate that estimates for which the 95% confidence interval includes zero are less likely to be reported...

Global warming, alterations of ecosystems, and sunk investments all imply irreversible changes with uncertain future costs and benefits. Two concepts measure how this combination of uncertainty and irreversibility changes the value of preserving an ecosystem or postponing an investment. First,...

The combination of habits and a forward outlook suggests that consumers will be sensitive not just to prices but to price dynamics. In particular, rational habits models suggest 1. that price volatility and uncertainty will reduce demand for a habit-forming good and 2. that such volatility will...

This paper assesses whether commercial real estate participants are willing to pay a premium for an energy efficient building that has not received a green label. I utilize a unique dataset of detailed building-level observations and a spatial semiparametric matching framework that exploits...