Stevenson, Taylor P.; II, William F. Shughart - In: Public Finance Review 34 (2006) 6, pp. 712-730
The 1998 Master Settlement Agreement (MSA) resolved litigation between forty-six states and the major U.S. cigarette manufacturers. In total, the defendants agreed to pay more than $246 billion over twenty-five years to compensate the states for costs incurred in treating smoking-related...