- Title Pages
- Dedication
- Acknowledgments
- The Rule of Law in America
- An Exceptional Nation?
- Are Americans More Litigious?
- Lawyers as Spam
- Regulation and Litigation
- Does Product Liability Law Make Us Safer?
- The American Illness and Comparative Civil Procedure
- The Proportionality Principle and the Amount In Controversy
- The Allocation of Discovery Costs and the Foundations of Modern Procedure
- Does Increased Litigation Increase Justice in a Second-Best World?
- A Tamer Tort Law
- The Expansion of Modern U.S. Tort Law and Its Excesses
- Regulation, Taxation, and Litigation
- An English Lawyer Looks at American Contract Law
- Text versus Context
- Exit and the American Illness
- The Dramatic Rise of Consumer Protection Law
- How American Corporate and Securities Law Drives Business Offshore
- Corporate Crime, Overcriminalization, and the Failure of American Public Morality
- The Legacy of Progressive Thought
- Overtaking
- The Rule of Law and China
- Reversing
- Contributors
- Index
Regulation, Taxation, and Litigation
Regulation, Taxation, and Litigation
- Chapter:
- (p.270) Regulation, Taxation, and Litigation
- Source:
- The American Illness
- Author(s):
W. Kip Viscusi
- Publisher:
- Yale University Press
This chapter focuses on three policy mechanisms—regulation, taxation, and litigation. It demonstrates that litigation by government entities may lead to settlements that impose excessive regulations and financial penalties equivalent to tax. The chapter pays special attention to the Master Settlement Agreement (MSA), in which the court approved an agreement among tobacco companies and state attorneys-general that heavily regulated the tobacco industry.
Keywords: regulation, taxation, litigation, settlements, Master Settlement Agreement, financial penalties, tobacco industry
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- Title Pages
- Dedication
- Acknowledgments
- The Rule of Law in America
- An Exceptional Nation?
- Are Americans More Litigious?
- Lawyers as Spam
- Regulation and Litigation
- Does Product Liability Law Make Us Safer?
- The American Illness and Comparative Civil Procedure
- The Proportionality Principle and the Amount In Controversy
- The Allocation of Discovery Costs and the Foundations of Modern Procedure
- Does Increased Litigation Increase Justice in a Second-Best World?
- A Tamer Tort Law
- The Expansion of Modern U.S. Tort Law and Its Excesses
- Regulation, Taxation, and Litigation
- An English Lawyer Looks at American Contract Law
- Text versus Context
- Exit and the American Illness
- The Dramatic Rise of Consumer Protection Law
- How American Corporate and Securities Law Drives Business Offshore
- Corporate Crime, Overcriminalization, and the Failure of American Public Morality
- The Legacy of Progressive Thought
- Overtaking
- The Rule of Law and China
- Reversing
- Contributors
- Index