Vol. 25, No. 3, Fall 2002

Cover Story

Has Zoning Hurt Affordable Housing?

Zoning's Steep Price In the nation’s tightest housing markets, land-use regulation contributes heavily to high housing costs. by Edward Glaeser and Joseph Gyourko (PDF, 580 kb)

Features

Transportation

Toward Truly Open Skies Liberalizing the U.S.-European air transport market would benefit both sides of the Atlantic. by Kenneth J. Button (PDF, 556 Kb)

A New Approach to Private Roads Using an innovative method for awarding franchise rights, states can entice more effective private investment in highways. by Eduardo Engel, Ronald Fischer and Alexander Galetovic (PDF, 421 Kb)

Energy

CAFE Changes, By the Numbers Stricter fuel standards would increase air pollution and hurt U.S. automakers and consumers, but would save little gasoline. by Andrew N. Kleit (PDF, 349 Kb)

FERC's New Regulatory Agenda Federal officials increasingly are turning to commandand-control policies for the nation’s power grid. by Thomas M. Lenard (PDF, 397 Kb)

Telecommunications

A Free-Market Scorecard How should we judge whether states’ telecommunications policies are deregulatory and pro-competitive? by Randolph J. May (PDF, 277 Kb)

Antitrust

The Antitrust Emperor’s Clothes We need to base policy on what we know. by George Bittlingmayer (PDF, 335 Kb)

Risk

Safety at Any Price? Following a dramatic expansion of federal health and safety regulation, Americans’ gains are uncertain. by W. Kip Viscusi and Ted Gayer (PDF, 743 Kb)

Briefly Noted

Real Campaign Reform by Erik S. Jaffe and Robert A. Levy | EPA’s $32 Trillion Negligible Risk by Ben Lieberman (PDF, 330 Kb)

In Review

The Future of Ideas, by Lawrence Lessig | Money Talks, by Martin H. Redish | Hubbert’s Peak, by Kenneth S. Deffeyes (PDF, 368 kb)

Final Word

Too Insufferable for Professional Satirists by Penn Jillette (PDF, 196 kb)