![Media Name: cover10_6.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/regulation/cover10_6.jpg?itok=lKN9JKDf) 

# Nov/​Dec 1986 

Vol. 10 No. 6 

[Subscribe](https://store.cato.org/collections/all-products/products/regulation-magazine) 

##### Currents 

##### [Tanking Up ](/regulation/nov/dec-1986/tanking)

##### [Jittery Play Spoils Legal Superbowl ](/regulation/nov/dec-1986/jittery-play-spoils-legal-superbowl)

##### [Regulating *Regulation*](/regulation/nov/dec-1986/regulating-regulation)

##### [Do Campaign Finance Laws Protect Voters or Incumbents? ](/regulation/nov/dec-1986/do-campaign-finance-laws-protect-voters-or-incumbents)

##### Features 

#### [The Perils of Prudence ](/regulation/nov/dec-1986/perils-prudence)

By Albert L. Nichols and Richard J. Zeckhauser 

#### [A Review of the Record ](/regulation/nov/dec-1986/review-record)

By John F. Morrall III 

#### [The Ghost of Cigarette Advertising Past ](/regulation/nov/dec-1986/ghost-cigarette-advertising-past)

By John E. Calfee 

#### [Natural Gas Price Controls ](/regulation/nov/dec-1986/natural-gas-price-controls)

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

##### Letters 

##### [A Blood Banker Responds ](/regulation/nov/dec-1986/blood-banker-responds)

##### [Challenging Assertions ](/regulation/nov/dec-1986/challenging-assertions)

##### [Plugs for Plugs for Drugs ](/regulation/nov/dec-1986/plugs-plugs-drugs)

##### [A Reader Challenges a Review ](/regulation/nov/dec-1986/reader-challenges-review)

##### [The Authors Respond ](/regulation/nov/dec-1986/authors-respond)

##### Readings 

##### [Regulatory Policy and the Social Sciences ](/regulation/nov/dec-1986/regulatory-policy-social-sciences)

##### [Pensions, Economics, and Public Policy ](/regulation/nov/dec-1986/pensions-economics-public-policy)

##### [Environmental Law and American Business: Dilemmas of Compliance ](/regulation/nov/dec-1986/environmental-law-american-business-dilemmas-compliance)

##### Latest Issues 

[![Regulation - Fall 2026 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2026-09/regulation-fall-2026-cover.jpg?itok=4PdTh8RK)](https://www.cato.org/regulation/fall-2026) 

[Fall 2026](/regulation/fall-2026)

[![Regulation - Summer 2026 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2026-06/regulation-summer-2026-cover.jpg?itok=mgR9E73X)](https://www.cato.org/regulation/summer-2026) 

[Summer 2026](/regulation/summer-2026)

[![Regulation - Spring 2026 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2026-03/regulation-spring-2026-cover.png?itok=_E4_q18u)](https://www.cato.org/regulation/spring-2026) 

[Spring 2026](/regulation/spring-2026)

[![Regulation Winter 2025-2026 Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2025-12/regulation-v48n4-cover.jpg?itok=QSGuJRQT)](https://www.cato.org/regulation/winter-2025-2026) 

[Winter 2025–2026](/regulation/winter-2025-2026)