An extensive set of self-reported survey data exists on illegal drug use. The survey data show that drug use is quite frequent among the younger adult population, relatively infrequent among those of high-school age, and rare among middle-aged and older adults. Drug use varies by occupational...

Decontrol of the wellhead price of natural gas under the Natural Gas Policy Act of 1978 ended the general shortage of natural gas, which had begun in the 1960s. It also led to dislocations in gas markets because of regulatory uncertainties that created difficulties in renegotiating contracts...

Editor's Note: This is an edited transcription from the general session of the 73rd Annual Conference of the Western Economic Association International, held in Lake Tahoe, Nevada. Copyright 1999 Western Economic Association International.

The New Zealand government recently announced a rather far-reaching policy of deregulation and reorganization of certain governmental entities, including electricity generation and transmission. Electricorp, a state-owned enterprise whose actions will be subject to a standard of commercial...