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Impacts of the Fair and Equitable Tobacco Reform Act of 2004 on Shareholders’ Wealth in the Tobacco Industry

By Kelly Tiller, Shiferaw T. Feleke and Brian C. Carver

Abstract

This study examines the impact and efficiency of the design of the Fair and Equitable Tobacco Reform Act of 2004 in deregulating the tobacco production industry. Results offer a number of policy implications of which deregulation of an economically challenged industry can be achieved without the use of taxpayer funds.Tobacco Buyout, Tobacco Industry, Event Study, Agribusiness, Agricultural and Food Policy,

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