Lacombe, Donald; Winter, Harold - In: International Journal of the Economics of Business 11 (2004) 3, pp. 279-285
In 1998, 46 states were involved in a Master Settlement Agreement (MSA) with the tobacco industry. The other four states settled on their own. Our goal is to answer a counter factual question: how would these four states have fared had they been included in the MSA? We use data from Viscusi...
