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  • The bubbling concern over two beer giants’ blockbuster merger

    Time - 07/26/2016

    But it all depends on whether federal bureaucrats adequately police, and enforce, those squirrelly rules—a task they have not excelled at in the past. In a 2014 book that looked at dozens of past mergers and acquisitions, Northeastern University economics professor John Kwoka found that agency enforcement actions are “not demonstrably effective” and “do not preserve or restore competition.”

    “There is little systematic follow-up,” he told TIME, “since the agencies are not designed or intended for this regulatory role.”

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