Bootleggers, Baptists, and Televangelists
Andrew P. Morriss
Texas A&M School of Law; PERC - Property and Environment Research Center; George Mason University - Mercatus Center
Regulation, Vol. 31, No. 2, Summer 2008
Illinois Public Law Research Paper No. 08-33
The 1998 Master Settlement Agreement between tobacco manufacturers and the attorneys general of 46 states substituted a private agreement for the normal processes of regulation and taxation. They dramatically reduced the public's opportunity to participate in both and to hold accountable those responsible for regulatory burdens and tax increases. The MSA was the product of more than the standard "bootleggers and Baptists" dynamics that often propel regulation. The MSA represented the arrival of a new player that can euphemistically be called the "televangelist" - superstar class-action law firms that initially side with the "Baptists" but whose ultimate goal is a settlement that will deliver them enormous fees and political power.
Number of Pages in PDF File: 7
Keywords: regulation, taxation, tax, barriers, barriers to entry, public choice, public interest, smoking, cigarettes, regulatory authority, tabacco, bootlegger, assumption-of-risk defense
JEL Classification: D4, D43, H1, H10, H11, H2, H20, H25, I1, I18, K1, K13, K2, K20, K23, K3, K32, L6, L66
Date posted: August 21, 2008
© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollobot1 in 0.187 seconds