From the Cover
Smoking “Internalities”
Given smokers’ future preferences, lawmakers should raise cigarette taxes.
The New Cigarette Paternalism
There are better ways to address smoking than ever‐increasing cigarette taxes.
My Future Self and I
Less Hazardous Smokes?
According to the Institute of Medicine, health policy can do more than counsel to discourage smoking; it can promote the use of low-risk tobacco products for smokers unwilling or unable to quit.
Features
How the Packers Lost Out
By eschewing market-based prices for PSLs and instead accepting public financing for stadiums, teams are missing a remarkable revenue opportunity.
Money to Burn?
Will the Bush administration’s new forest management philosophy diminish the dangers of fire or just increase the Forest Service’s budget?
Drug Research and Price Controls
What would happen if the United States adopted other countries’ drug price regulations?
Determining the Price of Price‐Anderson
What is the cost of federal liability protection for nuclear power?
The Paralyzing Principle
Does the Precautionary Principle point us in any helpful direction?
The SEC’s Other Problem
It is time to open the bond rating industry to new entrants.
A Role for Government?
Should the government provide terrorism insurance over the short or long term?