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# Spring 2006 

Vol. 29 No. 1 

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##### From the Cover 

### [What’s Old Is New: The Problem with New Source Review ](/regulation/spring-2006/whats-old-new-problem-new-source-review)

By Shi-Ling Hsu 

Grandfathering has become an invitation to rent-seeking.

### [When Scientists Politicize Science ](/regulation/spring-2006/when-scientists-politicize-science)

By Roger A. Pielke, Jr. 

Instead of claiming there is just one policy response to a given issue, scientists should provide a range of options for policymakers.

### [A Private Auction of Opportunities ](/regulation/spring-2006/private-auction-opportunities)

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

Is protectionism a legitimate state interest?

### [Remembering the Man Behind Rational Expectations ](/regulation/spring-2006/remembering-man-behind-rational-expectations)

By [Ike Brannon](https://www.cato.org/people/ike-brannon) 

John Muth (1930-2005).

##### Features 

#### [Demand Response and Advanced Metering ](/regulation/spring-2006/demand-response-advanced-metering)

By Ahmad Faruqui and Robert Earle 

California's experiment shows the promise of dynamic pricing.

#### [Much Ado About Notification ](/regulation/spring-2006/much-ado-about-notification)

By Thomas M. Lenard and Paul H. Rubin 

Does the rush to pass state-level data security regulations benefit consumers?

#### [Evaluating the Welfare Effects of Drug Advertising ](/regulation/spring-2006/evaluating-welfare-effects-drug-advertising)

By Andrew N. Kleit 

Consumer behavior indicates broadcast drug ads have positive health benefits.

##### For the Record 

##### [Predatory Pricing and Consumer Harm ](/regulation/spring-2006/predatory-pricing-consumer-harm)

##### [Reply to Zerbe ](/regulation/spring-2006/reply-zerbe)

##### Mercatus Reports 

##### [Guidance for Guidances ](/regulation/spring-2006/guidance-guidances)

##### [Spectrum Commons ](/regulation/spring-2006/spectrum-commons)

By Jerry Brito 

##### [Commentary: The Katrina Success Story You Didn’t Hear ](/regulation/spring-2006/commentary-katrina-success-story-you-didnt-hear)

##### Briefly Noted 

##### [Drug Safety: One Step Forward, One Step… ](/regulation/spring-2006/drug-safety-one-step-forward-one-step)

By Henry I. Miller 

##### [Two Invisible Hands ](/regulation/spring-2006/two-invisible-hands)

By Paul H. Rubin 

##### [A Collapsing Housing Bubble? ](/regulation/spring-2006/collapsing-housing-bubble)

By [Ike Brannon](https://www.cato.org/people/ike-brannon) 

##### In Review 

##### [Book Review: *Sprawl: A Compact History*](/regulation/spring-2006/book-review-sprawl-compact-history)

By [Randal O’Toole](https://www.cato.org/people/randal-otoole) 

##### [Book Review: *Energy and Security: Towards a New Foreign Policy Strategy*](/regulation/spring-2006/book-review-energy-security-towards-new-foreign-policy-strategy)

By [Richard L. Gordon](https://www.cato.org/people/richard-gordon) 

##### [Book Review: *End of the Life: The Failure of Amtrak Reform and the Future of America’s Passenger Trains*](/regulation/spring-2006/book-review-end-life-failure-amtrak-reform-future-americas-passenger-trains)

By George C. Leef 

##### [Book Review: *Electricity Deregulation: Choices and Challenges*](/regulation/spring-2006/book-review-electricity-deregulation-choices-challenges)

By [Richard L. Gordon](https://www.cato.org/people/richard-gordon) 

##### Final Word 

##### [The Hobby Privilege ](/regulation/spring-2006/hobby-privilege)

By Marni Soupcoff 

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