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
LCC:
Where:
Date: Mar 27 2014 10:46 PM
# 5382 Critique Analogy