Legal issues in environmental policy are considered, as well as property rights and voluntary regulations. Taxation, Fines, and Producer Liability Rules: Efficiency and Market Structure Implications Stephen Hamilton, Kansas State University. Regulatory Takings and the Diminution of Value: A Search for Empirical Evidence Marie Truesdell and John Bergstrom, University of Georgia. Environmental and Natural Resource Policy and the Optimal Dispersion of Property Rights Shi-Ling Hsu and Marca Weinberg. The Relative Efficiency of Voluntary vs. Mandatory Environmental Regulations JunJie Wu, Oregon State University; Bruce Babcock, Iowa State University. Electricity Deregulation: What's in Store for the Environment? Alan Levy, Mario Teisl, Brian Roe, Matthew Russell, Dave Moskovitz, Tom Austin.