From the Cover

Real Estate

Zoning’s Steep Price

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

Transportation

Toward Truly Open Skies

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

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.

Features

Transportation

A New Approach to Private Roads

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

Energy

FERC’s New Regulatory Agenda

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

Telecommunications

A Free‐​Market Scorecard

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

Antitrust

The Antitrust Emperor’s Clothes

We need to base policy on what we know.

Risk

Safety at Any Price?

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

Briefly Noted