a: regulatory capture ~
b: Lebron James

What:

"The econ-speak for a scenario in which public institutions start acting in the interests of the private firms they're supposed to be regulating is regulatory capture. An analogy: regulatory capture is like if Lebron James was allowed to pay for the privilege of officiating the NBA finals."


Useful?
Writer: JaredHillaryRuark
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Date: Mar 27 2014 10:46 PM


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