Summer 2005

From the Cover

Securities & Investment

Communication by Other Means

By James Spindler

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Can stock analysts' conflicts of interest benefit investors?

The Thirty Years War

By Craig Pirrong

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RegNMS is only the latest development in the ongoing battle over securities market structure.

Energy & Natural Resources

A Superfluous Petroleum Reserve

By Timothy J. Considine and Kevin Dowd

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How should the SPR be used, and what benefits does it provide?

Environment

The Political Economy of Mercury Regulation

By Ted Gayer and Robert Hahn

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The history of the new mercury rule offers important insights into improving environmental policymaking.

Features

Energy & Natural Resources

The Myths of Owens Valley

By Gary D. Libecap

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Los Angeles's "theft" offers positive lessons for water markets.

Health & Medicine

An Uncertain Diagnosis

By Paul H. Rubin

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Research used to criticize drug marketing also supports the claim that marketing benefits patients.

Advertising & Media

Advertising, Alcohol, and Youth

By Jon P. Nelson

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Is the alcoholic beverage industry targeting minors with magazine ads?

Securities & Investment

From Orders to Markets

By Jonathan R. Macey and Maureen O'Hara

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Who should decide what is "best execution"?

Mercatus Reports

Green Sturgeon

By John Shoaf

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Intercarrier Compensation

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Canadian “Smart Regulation”

By Susan E. Dudley

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Briefly Noted

Is There a Steroids Problem?

By Lewis Kurlantzick

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Methylmercury Madness

By Sandy Szwarc and Henry I. Miller

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In Review

Book Review: Choosing Environmental Policy: Comparing Instruments and Outcomes in the United States and Europe

By Richard L. Gordon (1934-2014)

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Book Review: New Approaches on Energy and the Environment: Policy Advice for the President