Publication detail

Selective Reporting and the Social Cost of Carbon

Author(s): prof. PhDr. Tomáš Havránek Ph.D., David Zilberman
doc. PhDr. Zuzana Havránková Ph.D., David Zilberman
prof. Ing. Karel Janda M.A., Dr., Ph.D., David Zilberman
Type: IES Working Papers
Year: 2014
Number: 29
Published in: IES Working Papers 29/2014
Publishing place: Prague
Keywords: social cost of carbon, climate policy, integrated assessment models, meta-analysis, selective reporting, publication bias
JEL codes: C83, Q54
Suggested Citation: Havránek T., Irsová Z., Janda K., Zilberman D. (2014). “Selective Reporting and the Social Cost of Carbon” IES Working Paper 29/2014. IES FSV. Charles University.
Grants: GACR P402/11/0948 Developing Analytical Framework for Energy Security: Time-Series Econometrics, Game Theory, Meta-Analysis and Theory of Regulation GAUK 558713 Publication Bias in the Literature Estimating the Social Cost of Carbon
Abstract: 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 than estimates excluding negative values of the SCC, which creates an upward bias in the literature. The evidence for selective reporting is stronger for studies published in peer-reviewed journals than for unpublished papers. We show that the findings are not driven by the asymmetry of confidence intervals surrounding the SCC and are robust to controlling for various characteristics of study design and to alternative definitions of confidence intervals. Our estimates of the mean reported SCC corrected for the selective reporting bias are imprecise and range between 0 and 130 USD per ton of carbon in 2010 prices for emission year 2015.
Downloadable: wp_2014_29_Havranek_Irsova_Janda_Zilberman
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