Abstract

http://ssrn.com/abstract=1241362
 
 

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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

Abstract:     
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

Accepted Paper Series


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Date posted: August 21, 2008  

Suggested Citation

Morriss, Andrew P., Bootleggers, Baptists, and Televangelists. Regulation, Vol. 31, No. 2, Summer 2008; Illinois Public Law Research Paper No. 08-33. Available at SSRN: http://ssrn.com/abstract=1241362

Contact Information

Andrew P. Morriss (Contact Author)
Texas A&M School of Law ( email )
1515 Commerce Street
Fort Worth, TX 76133
United States
PERC - Property and Environment Research Center ( email )
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States
George Mason University - Mercatus Center ( email )
3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States
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