This paper examines whether commercial radio stations try to play their commercials at the same time. A simple model shows that stations may want to choose the same times (coordination) or different times (differentiation) depending on how listeners behave. It also shows that how much...

Tobacco farming has played an important role in this nation's history, dating back more than 200 years. Today tobacco growers face an uncertain future after years of declining tobacco leaf purchases and declining profitability — trends that have already led to a dramatic decrease in the number...

The Premarket Tobacco Product Application (PMTA) provisions in the U.S. Tobacco Control Act (TCA) prohibit any new or substantially different types or brands of tobacco products from entering the U.S. market unless FDA first finds that allowing the product’s marketing is “appropriate for the...