Yale journal on Regulation Volume 16, Number 2 Summer 1999

Jonathan Weinberg The Intemet and "Telecommunications Services," Universal Service Mechanisms, Access Charges, and Other Flotsam of the R egulatory System ...... 211

Jay L. Koh The Myth of Procedure: Derivatives Investment Reform in St. P etersburg ...... 245

Response Michael J. Doane, David S. Sibley, and Michael A. Williams Having Your Cake-How to Preserve Universal-Service Cross Subsidies W hile Facilitating Competitive Entry ...... 311

Book Review Amy L. Wax Is There a C aring C risis? ...... 327

Note Steven C. Carlson Patent Pools and the Antitrust Dilemma ...... 359

Book Note Resolving the Democratic Dilemm a? ...... 401

Yale Journal on Regulation ISSN 0741-9457

The views expressed in the articles herein are those of the authors and do not necessarily reflect those of the Yale Journalon Regulation staff or of and its affiliated institutions. This issue should be cited as 16 YALE J. ON REG. _ (1999).

Copyright © 1999 by Yale Journal on Regulation Yale Journal on Regulation Advisory Committee

Alan P. Buchmann Partner, Squire, Sanders & Dempsey. B.A., Yale University, 1956; J.D., Yale , 1960.

Lawrence 0. Gostin Associate Professor, Georgetown University Law School; Executive Director American Society of Law and Medicine, 1986-1994. B.A., SUNY-Brockport, 1971; J.D., Duke Law School, 1973; LL.D., SUNY, 1994.

Peter R. Jarvis Partner, Stoel Rives LLP. B.A., Harvard University, 1972; M.A., Yale University, 1976; J.D., , 1976.

Paul W. MacAvoy Dean & Williams Brothers Professor of Management Studies, of Organization and Management. B.A., Bates College, 1955; M.A., Economics, Yale University, 1956; Ph.D., Economics, Yale University.

Theodore R. Marmor Professor of Politics and Public Policy, Yale School of Organization and Management and Institute for Social and Policy Studies. A.B., Harvard University, 1960; Ph.D., American Studies, Harvard University, 1966; M.A. (honorary), Yale University, 1979.

Jerry L. Mashaw of Law, Yale Law School. B.A., Tulane University, 1962; L.L.B., Tulane University, 1964; Ph.D., European Governmental Studies, University of Edinburgh, 1969.

George L. Priest John M. Olin Professor of Law and Economics, Yale Law School; Director, Center for Law, Economics, and Public Policy, Yale Law School. B.A., Yale University 1969; J.D., University of Chicago, 1973.

Roberta Romano Allen Duffy/Class of 1960 Professor of Law, Yale Law School; Professor, Yale School of Management. B.A., University of Rochester, 1973; M.A., University of Chicago, 1975; J.D., Yale Law School, 1980.

Carol M. Rose Gordon Branford Tweedy Professor of Law & Organization, Yale Law School. B.A., Antioch College, 1962; M.A., University of Chicago, 1963; Ph.D., History, Cornell University, 1969; J.D., University of Chicago, 1977.

William B. Tye Principal, The Brattle Group. B.A., Emory University, 1965; Ph.D., Economics, Harvard University, 1970.