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38 J.L. & Econ. [i] (1995)

handle is hein.journals/jlecono38 and id is 1 raw text is: The Journal of LAW 't-- ECONOMICS VOLUME XXXVIII (1) APRIL 1995 The Politics of Infrastructure By W. MARK CRAIN AND LISA K. OAKLEY ...................... 1 Designing More Efficient Markets: Lessons from Los Angeles Smog Control By VIVIEN FOSTER AND ROBERT W. HAHN ..................... 19 Effects of Tort Liability and Insurance on Heavy Drinking and Drinking and Driving By FRANK A. SLOAN, BRIDGET A. REILLY, AND CHRISTOPH SCHENZLER ....................................... 49 Rates of Time Preference and Consumer Valuations of Automobile Safety and Fuel Efficiency By MARK K. DREYFUS AND W. Kip VISCUSI .................. 79 Are Fines and Prison Terms Used Efficiently? Evidence on Federal Fraud Offenders By JOEL W ALDFOGEL ................................. 107 The Self-Regulation of Commodity Exchanges: The Case of Market Manipulation By STEPHEN CRAIG PIRRONG ............................ 141 Why Are Some Products Branded and Others Not? By I. P. L. PNG AND DAVID REITMAN ....................... 207 Litigation and Settlement under the English and American Rules: Theory and Evidence By JAMES W. HUGHES AND EDWARD A. SNYDER ............. 225

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