Jun
6
What Republican Administration?, from George Zachar
June 6, 2007 |
The Federal Trade Commission, in the middle of George W. Bush's second term, is trying to block a $565 million merger between Whole Foods and Wild Oats.
The Federal Trade Commission, in the middle of Bill Clinton's second term, green-lighted the $82 billion merger of Exxon and Mobil.
There's undoubtedly a way to model this, showing in game theory notation how bureaucratic rents are maximized by Stochastic regulation, but this makes my head hurt.
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