![Media Name: Fall 2003.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/regulation/Fall%202003.jpg?itok=81cYAudz) 

# Fall 2003 

Vol. 26 No. 3 

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##### From the Cover 

### [Guys in Lab Coats: Letting Environmentalists’ Preferences Count ](/regulation/fall-2003/guys-lab-coats-letting-environmentalists-preferences-count)

By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) 

Why do free-market thinkers turn to scientific risk analysis instead of markets to set environmental policy?

##### Features 

#### [The Case Against Plea Bargaining ](/regulation/fall-2003/case-against-plea-bargaining)

By [Tim Lynch](https://www.cato.org/people/tim-lynch) 

Government should not retaliate against individuals who exercise their right to trial by jury.

#### [In Defense of Plea Bargaining ](/regulation/fall-2003/defense-plea-bargaining)

By [Timothy Sandefur](https://www.cato.org/people/timothy-sandefur) 

The practice is flawed, but not unconstitutional.

#### [‘Green’ Firms Bearing Gifts ](/regulation/fall-2003/green-firms-bearing-gifts)

By Thomas P. Lyon 

Will “voluntary” initiatives by business and regulators improve the environment?

#### [Between- vs. Within-Patent Competition ](/regulation/fall-2003/between-vs-within-patent-competition)

By Tomas J. Philipson and Carolanne Dai 

Name-brand drug competition may have more effect on innovative returns and prices than generics competition.

#### [Beyond GAAP ](/regulation/fall-2003/beyond-gaap)

By Robert E. Litan 

Much of today’s business world evolves around values that do not appear on balance sheets.

#### [Corporate Reporting Enters the Information Age ](/regulation/fall-2003/corporate-reporting-enters-information-age)

By Mike Willis 

XBRL will produce more effective reporting through market-based standards.

#### [New Technology Can Help Avoid a Second Enron ](/regulation/fall-2003/new-technology-can-help-avoid-second-enron)

By R.T. McNamar 

The SEC needs reporting processes for the Information Age.

#### [A Mid-Term Grade for the Bush Administration ](/regulation/fall-2003/mid-term-grade-bush-administration)

By Brian F. Mannix 

The administration has shown a strong commitment to developing more cost-effective regulations, but its commitment to federalism appears mixed.

#### [Tracking the Value of Regulation ](/regulation/fall-2003/tracking-value-regulation)

By Robert Hahn and Erin M. Layburn 

Can government reporting help bring rationality to regulation?

#### [More Lonely Numbers ](/regulation/fall-2003/more-lonely-numbers)

By [William A. Niskanen](https://www.cato.org/people/william-niskanen) 

Regulations should be decided by a political process, not more benefit-cost analyses.

##### Mercatus Reports 

##### [EU Chemicals Policy ](/regulation/fall-2003/eu-chemicals-policy)

##### [8‑Hour Ozone Standard ](/regulation/fall-2003/8-hour-ozone-standard)

##### [Dietary Ingredients and Supplements ](/regulation/fall-2003/dietary-ingredients-supplements)

##### [Commentary: A New Watchdog for Freddie and Fannie? ](/regulation/fall-2003/commentary-new-watchdog-freddie-fannie)

By Jay Cochran 

##### Briefly Noted 

##### [Is CEO Certification Credible? ](/regulation/fall-2003/ceo-certification-credible)

By Utpal Bhattacharya, Peter Groznik, and Bruce Haslem 

##### [The Benefits of Mandatory Auditor Rotation ](/regulation/fall-2003/benefits-mandatory-auditor-rotation)

By Thomas J. Healy and Yu-Jin Kim 

##### In Review 

##### [Book Review: *The Real Environmental Crisis: Why Poverty, not Affluence, Is the Environment’s Number One Enemy*](/regulation/fall-2003/book-review-real-environmental-crisis-why-poverty-not-affluence-environments)

By S. Fred Singer 

##### [Book Review: *Democracy by Decree: What Happens When Courts Run Government*](/regulation/fall-2003/book-review-democracy-decree-what-happens-when-courts-run-government)

By George C. Leef 

##### [Book Review: *On Borrowed Time? Assessing the Threat of Mineral Depletion*](/regulation/fall-2003/book-review-borrowed-time-assessing-threat-mineral-depletion)

By Andrew N. Kleit 

##### Final Word 

##### [Politicians and Magicians ](/regulation/fall-2003/politicians-magicians)

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

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