California’s initiative to create the California Institute for Regenerative Medicine (CIRM), which sponsors human embryonic stem cell research within the state, has been significantly delayed by a series of political and legal battles over the structure, procedures and policies of CIRM,...

California’s initiative to create the California Institute for Regenerative Medicine (CIRM), which sponsors human embryonic stem cell research within the state, has been significantly delayed by a series of political and legal battles over the structure, procedures and policies of CIRM,...

The federal government has made substantial progress in reforming economic regulation--especially by deregulating prices and reducing entry barriers in specific industries.

The federal government has made substantial progress in reforming economic regulation--especially by deregulating prices and reducing entry barriers in specific industries.

Infrastructure industries-including telecommunications, electricity, water, and gas-underwent massive structural changes in the 1990s. During that decade, hundreds of privatization transactions valued at billions of dollars were completed in these sectors in developing and transition economies....

This primer highlightsboth the strengths and the limitations of benefit-cost analysis in the development, design, and implementation of regulatory reform.

Since World War II, developing nations have embarked on two massive changes in telecommunications policy. The first was the wave of nationalization of private companies that took place mostly in the 1950s and 1960s, and the second is the now ongoing process of re-privatization and, to a lesser...

In 2001, baseball announced plans to eliminate two teams. This essay examines the economics of contraction, including its effects on economic welfare and the incentives confronting the remaining teams. Using baseball's financial data, all teams have a positive net social benefit, but surviving...

In May 2002, the Supreme Court upheld the rules promulgated by the Federal Communications Commission (FCC) to implement provisions in the Telecommunications Act of 1996 (the Act) regarding mandatory resale of the components of local telephone networks. This article explains the background of the...