Front Matter
Editorial Staff

The Politics of Infrastructure
W. Mark Crain and Lisa K. Oakley

Designing More Efficient Markets: Lessons from Los Angeles Smog Control
Vivien Foster and Robert W. Hahn

Effects of Tort Liability and Insurance on Heavy Drinking and Drinking and Driving
Frank A. Sloan, Bridget A. Reilly, and Christoph Schenzler

Rates of Time Preference and Consumer Valuations of Automobile Safety and Fuel Efficiency
Mark K. Dreyfus and W. Kip Viscusi

Are Fines and Prison Terms Used Efficiently? Evidence on Federal Fraud Offenders
Joel Waldfogel

The Self-Regulation of Commodity Exchanges: The Case of Market Manipulation
Stephen Craig Pirrong

Why Are Some Products Branded and Others Not?
I.P.L. Png and David Reitman

Litigation and Settlement under the English and American Rules: Theory and Evidence
James W. Hughes and Edward A. Snyder