From the Cover

Has Wal‐​Mart Buried Mom‐​and‐​Pop?

Does small business decline when Wal-Mart enters the market?

Features

Telecommunications & Technology

The Temptation of Media Regulation

Why not unbundle episodes or innings?

Environment

Global Warming and Social Justice

Do we owe the world for climate change?

Antitrust

Four Lessons from the Whole Foods Case

The antitrust analysis of mergers should be reconsidered.

Transportation

A Solution to Airport Delays

An auction for takeoff and landing slots would make more efficient use of scarce resources.

Free Markets

Has Wal‐​Mart Buried Mom‐​and‐​Pop?

Does small business decline when Wal-Mart enters the market?

Securities and Exchange

The Economics of Naked Short Selling

Naked shorting is little different from permissible
shorting.

The “Phantom Shares” Menace

Naked short selling distorts shareholder control.

Final Word