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# Fall 2002 

Vol. 25 No. 3 

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##### From the Cover 

### [Zoning’s Steep Price ](/regulation/fall-2002/zonings-steep-price)

By Edward Glaeser and Joseph Gyourko 

In the nation’s tightest housing markets, land-use regulation contributes heavily to high housing costs.

### [Toward Truly Open Skies ](/regulation/fall-2002/toward-truly-open-skies)

By Kenneth J. Button 

Liberalizing the U.S.-European air transport market would benefit both sides of the Atlantic.

### [CAFE Changes, By the Numbers ](/regulation/fall-2002/cafe-changes-numbers)

By Andrew N. Kleit 

Stricter fuel standards would increase air pollution and hurt U.S. automakers and consumers, but would save little gasoline.

##### Features 

#### [A New Approach to Private Roads ](/regulation/fall-2002/new-approach-private-roads)

By Eduardo Engel, Ronald Fischer, and Alexander Galetovic 

Using an innovative method for awarding franchise rights, states can entice more effective private investment in highways.

#### [FERC’s New Regulatory Agenda ](/regulation/fall-2002/fercs-new-regulatory-agenda)

By Thomas M. Lenard 

Federal officials increasingly are turning to command-and-control policies for the nation’s power grid.

#### [A Free-Market Scorecard ](/regulation/fall-2002/free-market-scorecard)

By Randolph J. May 

How should we judge whether states’ telecommunications policies are deregulatory and pro-competitive?

#### [The Antitrust Emperor’s Clothes ](/regulation/fall-2002/antitrust-emperors-clothes)

By George Bittlingmayer 

We need to base policy on what we know.

#### [Safety at Any Price? ](/regulation/fall-2002/safety-any-price)

By Ted Gayer 

Following a dramatic expansion of federal health and safety regulation, Americans’ gains are uncertain.

##### Briefly Noted 

##### [Real Campaign Reform ](/regulation/fall-2002/real-campaign-reform)

By Erik S. Jaffe and [Robert A. Levy](https://www.cato.org/people/robert-levy) 

##### [EPA’s $32 Trillion Negligible Risk ](/regulation/fall-2002/epas-32-trillion-negligible-risk)

By Benjamin Lieberman 

##### In Review 

##### [Book Review: *The Future of Ideas: The Fate of the Commons in a Connected World*](/regulation/fall-2002/book-review-future-ideas-fate-commons-connected-world)

By [Randy E. Barnett](https://www.cato.org/people/randy-barnett) 

##### [Book Review: *Money Talks: Speech, Economic Power, and the Values of Democracy*](/regulation/fall-2002/book-review-money-talks-speech-economic-power-values-democracy)

By George C. Leef 

##### [Book Review: *Hubbert’s Peak: The Impending World Oil Shortage*](/regulation/fall-2002/book-review-hubberts-peak-impending-world-oil-shortage)

By Andrew N. Kleit 

##### Final Word 

##### [Too Insufferable for Professional Satirists ](/regulation/fall-2002/too-insufferable-professional-satirists)

By [Penn Jillette](https://www.cato.org/people/penn-jillette) 

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