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28 Regulation 1 (2005-2006)

handle is hein.journals/rcatorbg28 and id is 1 raw text is: I __________________________________________________________________________________________________ THE CATO REVIEW OF BUSINESS AND GOVERNMENT Regation VOL. 28, No. 1, SPRING 2005 For the Record TheRoots of Insecurity............ ..................2 Mercatus ReportS Regulation Z I Cooling Water Intake ESA Permit Revocation COMMENTARY: What's Next for Telecom? .......................4 Briefly Noted Corporate Social Responsibility-Or Good Advertising? By Andrew C. Coors and Wayne Winegarden. ................................... 10 FEATURES PROPERTY Accountability and Private Governments Do homeowners associations lower property values? By Laura Langbein and Kim Spotswood-Bright ................12 NATURAL RESOURCES A Tale of Two Clams Actors' strategic anticipation of policy change has led to overstatement of the benefits of ITQs. By Sylvia Brandt..................18 TELECOMMUNICATIONS & TECHNOLOGY Architectural Censurship and the FCC Efforts to regulate the media threaten quantity, quality, and diversity. By Christopher S. Yoo................ .......... 22 Against ISP Liability Do ISPs have a duty to protect the world? By jim Harper ....... 30 CORPORATE GOVERNANCE Corporate Governance and Economic Development U.S.-style corporate governance may be a poor fit for the developing world. By Troy A. Paredes.............. 34 Wall Street in the Third World? Corporate ownership may be a more important issue in developing countries than corporate governance. By Robert E. Anderson ....... 40 INSURANCE Terrorism Insurance 2005 Where do we go from here? By Howard Kunreuther and Erwann Michel-Kerjan ............................... 44 HEALTH & MEDICINE / COVER STORY OOATI zry ~2r - ~r-~-~-~' kL Speak Not of Error Does legal fear increase the risk of medical error? By David A. Hyman and Charles Silver..................................... 52 In Review The Frankenfood Myth, by Henry I. Miller and Greg Conko I Painting the White House Green, edited by Randall Lutter and Jason F. Shogren I Pay Without Performance, by Lucian Bebchuk and Jesse Fried ... ................... ..... 58 The Final Word Section 8.2 Housing? By Tim Rowland ................... 64 COVER: ILLUSTRATION BY KEVIN TUMA REGULATION, 2005, Vol. 28, No. 1 (ISSN 0147-0590)- Regulation is published four times a year by the Cato Institute (www.cato.org). Copyright 2005, Cato Institute. Regulation is available on the World Wide Web at www.regulationmagazine.com. Subscriptions for individuals are $20 for one year; institutional subscriptions are $40 for one year. Subscribe online or by writing to: Regulation, 1000 Massachusetts Avenue NW, Washington, DC 20001. Please contact Regulation by mail, telephone (202- 842-0200), or fax (202-842-3490) for change of address and other subscription correspondence. REGULATION SPRING 2005 1

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