@techreport{NBERw7760,
 title = "The Economic Impacts of the Tobacco Settlement",
 author = "David M. Cutler and Jonathan Gruber and Raymond S. Hartman and M.B. Landrum, J. Newhouse and Meredith B. Rosenthal",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "7760",
 year = "2000",
 month = "June",
 URL = "http://www.nber.org/papers/w7760",
 abstract = {Recent litigation against major tobacco companies culminated in a  Master Settlement Agreement' (MSA) under which the participating companies agreed to compensate most states for Medicaid expenses. We outline the terms of the settlement and analyze whether it was a move toward economic efficiency using data from Massachusetts.  Medicaid spending will fall, but only a modest amount ($0.1 billion). The efficiency issue turns mainly on the treatment of health benefits from reduced smoking induced by the settlement.  We conclude that the settlement was a move towards economic efficiency.},
}