Vol.25, No. 4, Winter 2003

Cover Stories

Should We Raise Cigarette Taxes?

Smoking "Internalities" Given smokers’ future preferences, lawmakers should raise cigarette taxes. by Jonathan Gruber (PDF, 6 pp, 130 Kb)

The New Cigarette Paternalism There are better ways to address smoking than ever-increasing cigarette taxes. by W. Kip Viscusi (PDF, 7 pp, 209 Kb)

My Future Self and I by Thomas A. Firey (PDF, 1 pp, 55 Kb)

Less Hazardous Smokes? According to the Institute of Medicine, health policy can do more than counsel to discourage smoking; it can promote the use of low-risk tobacco products for smokers unwilling or unable to quit. by Gio Batta Gori (PDF, 7 pp, 286 Kb)

Features

Sports

How the Packers Lost Out By eschewing market-based prices for PSLs and instead accepting public financing for stadiums, teams are missing a remarkable revenue opportunity. by Michael F. Gorman and Ike Brannon (PDF, 4 pp, 203 Kb)

Public Lands

Money to Burn? Will the Bush administration’s new forest management philosophy diminish the dangers of fire or just increase the Forest Service’s budget? by Randal O’Toole (PDF, 5 pp, 360 Kb)

Health & Medicine

Drug Research and Price Controls What would happen if the United States adopted other countries’ drug price regulations? by John A. Vernon (PDF, 4 pp, 1,142 Kb)

Energy

Determining the Price of Price-Anderson What is the cost of federal liability protection for nuclear power? by Anthony Heyes (PDF, 5 pp, 311 Kb)

Risk

The Paralyzing Principle Does the Precautionary Principle point us in any helpful direction? by Cass R. Sunstein (PDF, 6 pp, 367 Kb)

Securities & Investment

The SEC's Other Problem It is time to open the bond rating industry to new entrants. by Lawrence J. White (PDF, 5 pp, 228 Kb)

Insurance

A Role for Government? Should the government provide terrorism insurance over the short or long term? by Anne Gron and Alan O. Sykes (PDF, 8 pp, 229 Kb)

Briefly Noted

"UPL" Lawyer Welfare Revisited by George C. Leef | The Dawn of a New Spectrum Policy? by Adam Thierer (PDF, 4 pp, 382 Kb)

In Review

Alternating Currents, by Richard L. Gordon (PDF, 1 pp, 73 kb)

Final Word

A Great Gag for the Airport by Penn Jillette (PDF, 1 pp, 272 kb)