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Contents: Part I:Overview and History. P. Teske, Introduction and Overview. D. Gabel, Federalism: An Historical Perspective. Part II:State Policies and Actors. B. Cole, State Policy Laboratories. P. Teske, M. Bhattacharya, State Government Actors Beyond the Regulators. Part III:Costs and Benefits of State Regulation. B. Egan, J. Wenders, The Costs of State Regulation. S.B. Megdal, The Benefits of State Regulation. J. Haring, Comments — A Simple Decision Rule for Jurisdictional Issues. D.N. Jones, Comments — Institutional Issues. W. Gormley, Comments - Alternative Perspectives on Intergovernmental Relations. Part IV:Federalism and the Future. E. Noam, The Federal-State Friction Built into the 1934 Act and Options for Reform. H. Geller, Comments — Legal Issues in Preemption. J. Tobias, Comments — "Notwithstanding Section 2(b)...": Recent Legislative Initiatives Affecting the Federal-State Balance in Telecommunications Regulation. P. Teske, Conclusions.