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Production of Chlorofluorocarbons in Anticipation of the Montreal Protocol

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  • Maximilian Auffhammer
  • Bernard Morzuch
  • John Stranlund

Abstract

Anticipation of an International Environmental Agreement provides an incentive for countries to change their production behavior prior to negotiations in order to gain a favorable bargaining position. Increased historical production figures at the time of negotiations may influence the magnitude of the baseline from which cutbacks will be specified. In this paper we empirically measure the magnitude of such strategic production behavior in the case of the Montreal Protocol on Substances that Deplete the Ozone Layer of 1987. Due to data limitations we specify a two player Nash–Cournot game between the United States and the rest of the world. We find evidence of asymmetric strategic behavior, which resulted in a net increase of aggregate world chlorofluorocarbon (CFC) production. Copyright Springer 2005

Suggested Citation

  • Maximilian Auffhammer & Bernard Morzuch & John Stranlund, 2005. "Production of Chlorofluorocarbons in Anticipation of the Montreal Protocol," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 30(4), pages 377-391, April.
    • Handle: RePEc:kap:enreec:v:30:y:2005:i:4:p:377-391
    DOI: 10.1007/s10640-004-4222-0
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    Citations

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    Cited by:

    1. Derek Kellenberg & Arik Levinson, 2014. "Waste of Effort? International Environmental Agreements," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 135-169.
    2. Dugoua, Eugenie, 2023. "Induced innovation and international environmental agreements: evidence from the Ozone Regime," LSE Research Online Documents on Economics 120482, London School of Economics and Political Science, LSE Library.
    3. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-479, June.
    4. Eugenie Dugoua, 2023. "Induced innovation and international environmental agreements: Evidence from the ozone regime," CEP Discussion Papers dp1947, Centre for Economic Performance, LSE.
    5. Maximilian Auffhammer & Ralf Steinhauser, 2007. "The Future Trajectory Of U.S. Co2 Emissions: The Role Of State Vs. Aggregate Information," Journal of Regional Science, Wiley Blackwell, vol. 47(1), pages 47-61, February.
    6. Dugoua, Eugenie, 2021. "Induced innovation and international environmental agreements: evidence from the Ozone regime," LSE Research Online Documents on Economics 110859, London School of Economics and Political Science, LSE Library.
    7. Eugenie Dugoua, 2023. "Induced Innovation and International Environmental Agreements: Evidence from the Ozone Regime," CESifo Working Paper Series 10669, CESifo.
    8. Dugoua, Eugenie, 2023. "Induced innovation and international environmental agreements: evidence from the ozone regime," LSE Research Online Documents on Economics 121317, London School of Economics and Political Science, LSE Library.
    9. Abman, Ryan & Lundberg, Clark & Szmurlo, Daniel, 2022. "Trade, Emissions, and Environmental Spillovers: Issue Linkages in Regional Trade Agreements," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322511, Agricultural and Applied Economics Association.

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