Antonio Nicita is Professor of Economic Policy at “Sapienza” University of Rome and Board Member of the Italian Communications Regulatory Authority – AGCOM. He has been Visiting Scholar at the University of Cambridge, Fulbright Visiting Professor at the Yale School of Law, Research Associate and Scientific Advisor for the Centre for Media Freedom and Media Pluralism and Visiting Professor at the European University Institute. His research interests cover: network industries regulation, industrial policies, law and economics. Filippo Belloc is Associate Professor of Public Economics at the University of Chieti-Pescara. He was Visiting Fellow at the University of Cambridge, Visiting Researcher at the UCLA, Research Associate at the European University Institute and consultant for the OECD. His research interests cover: economics of institutions and industrial policies, law policies, regulation and firm performance.