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Smoke-Filled Rooms
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Smoke-Filled Rooms: A Postmortem on the Tobacco Deal

W. Kip Viscusi

Abstract

The 1998 out-of-court settlements of litigation by the states against the cigarette industry totaled $243 billion, making it the largest payoff ever in the U.S. civil justice system. Two key questions drove the lawsuits and the attendant settlement: Do smokers understand the risks of smoking? And does smoking impose net financial costs on the states? This book provides unexpected answers to these questions, drawing on a large range of data on several topics central to the smoking policy debate. Based on surveys of smokers in the United States and Spain, for instance, it demonstrates that smoke ... More

Keywords: cigarette industry, litigation, risk, financial cost, medical costs, premature mortality, FDA, smoking policy

Bibliographic Information

Print publication date: 2002 Print ISBN-13: 9780226857473
Published to Chicago Scholarship Online: March 2013 DOI:10.7208/chicago/9780226857480.001.0001

Authors

Affiliations are at time of print publication.

W. Kip Viscusi, author