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Publication Date: May 1998
Publisher: Library of Congress. Congressional Research Service
Author(s):
Research Area: Banking and finance; Economics
Type:
Abstract:
This report explores the effect of the proposed tobacco settlement on prices, accounting for the type of payments and industry structure. It reviews economic evidence on the responsiveness of smoking, particularly teenage smoking, to price increases and other policies. It also examines the regressive distributional effects of tobacco taxes. See CRS Issue Brief 98022 for legislative updates.