From the Cover
Guys in Lab Coats: Letting Environmentalists’ Preferences Count
Why do free-market thinkers turn to scientific risk analysis instead of markets to set environmental policy?
Features
The Case Against Plea Bargaining
Government should not retaliate against individuals who exercise their right to trial by jury.
‘Green’ Firms Bearing Gifts
Will “voluntary” initiatives by business and regulators improve the environment?
Between‐ vs. Within‐Patent Competition
Name-brand drug competition may have more effect on innovative returns and prices than generics competition.
Beyond GAAP
Much of today’s business world evolves around values that do not appear on balance sheets.
Corporate Reporting Enters the Information Age
XBRL will produce more effective reporting through market-based standards.
New Technology Can Help Avoid a Second Enron
The SEC needs reporting processes for the Information Age.
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A Mid‐Term Grade for the Bush Administration
The administration has shown a strong commitment to developing more cost-effective regulations, but its commitment to federalism appears mixed.
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More Lonely Numbers
Regulations should be decided by a political process, not more benefit-cost analyses.