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The Tobacco Deal

Author

Listed:
  • Bulow, J.
  • Klemperer, P.

Abstract

The authors analyse the major economic issues raised by the 1997 Tobacco Resolution and the ensuing proposed legislation that were intended to settle tobacco litigation in the United States. By settling litigation largely in return for tax increases, the Resolution was a superb example of a "win-win" deal.

Suggested Citation

  • Bulow, J. & Klemperer, P., 1999. "The Tobacco Deal," Economics Papers 1999-w11, Economics Group, Nuffield College, University of Oxford.
    • Handle: RePEc:nuf:econwp:1999-w11
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    More about this item

    Keywords

    TOBACCO INDUSTRY ; LAW ; PUBLIC POLICY;
    All these keywords.

    JEL classification:

    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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