Trained lawyer, wannabe economist. Most of my scholarship predates AI. Prof @EUI_EU & co-founder DCI @fordynamism. Member of Rhine Group 🔗 https://xitter.cf/t.co/8UYadIqljr
Florence, Tuscany
Joined June 2010
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1/6 Are merger efficiencies just "make-believe"? The EU draft merger guidelines debate has revived hardline skepticism in some corners.
The convo uses 4-3 telecom deals as bogeyman cases.
Real-world cases however tell a different story. A🧵
1/ The big news of the week: the official launch of the Rhine Group by Mario Draghi, @patrickc, and @lugaricano. I’m honored to join as one of the few lawyers in this economics heavy group. Thread on why this initiative is different - and why it matters.
Quick thought on law school in the AI age. It is not about teaching contents. It’s about building and training cognitive muscle.
I spent 5 days reading 2 Coase papers 📝.
That mental sweat allowed me to cross my confidence threshold 1/n
When the Italian 🇮🇹 competition agency will be done toying with the issue of AI distribution on digital platforms, it can fix robocall harassment 👇, cab cartels 🚕, or the summer Bagno ripoff 🏖️
My @FinancialTimes letter: Europe just issued a good blueprint of merger rules oriented towards innovation and competitiveness. Here’s how to approach the next steps 1/n
No one has better debunked virtue signalling than Romain Gary.
Independent and brave to the core. Bravo.
Judge Mehta enforced Section 2 against Google.
He also warned👇that antitrust overreaches if it bars GenAI firms from using their own platforms to distribute models.
US antitrust > EU DMA
The EU tells Google not to integrate AI into Search. It tells Meta not to integrate AI into WhatsApp.
The message to Web-2.0 incumbents: compete in AI—just not too effectively.
My new piece on why Brussels' approach to AI competition doesn't add up:
truthonthemarket.com/2026/04…
The legal threat of national merger review over *any* deal hurts innovation. The @EU_Commission must get rid of this as a matter of urgency.
Merger agencies (including the European Commission) are looking for ways to credit innovation benefits in merger control.
The challenge is operational:
How do you assess innovation potential without sacrificing legal administrability or economic rigor?
Extortion by regulation playbook👇
Stage 1: open Sherman Act Section 2 investigation against @netflix in parallel to standard merger review
Stage 2: drop case in exchange for a deal that increases Trump’s economic wealth or political clout.
Join us for the launch of The Constitution of Innovation, with @lugaricano & Bengt Holmström.
We will discuss the EU's innovation gap w/ MEP @DarioNardella, @Fatassinari and other friends
📅6 Feb, 5 pm CET
📡 Buontalenti and online
Register at eui.eu/events?id=584312
How did we get there?
The @EU_Commission stopped enforcing single market law because it must play nice to Member States to pass legislation.
And businesses have 0 incentives to litigate before foreign courts to obtain removal of obstacles to commerce
3/10
