This paper studies costs and benefits of firm networks, and related industrial policies, with a focus on the "network contract" recently introduced in the Italian legislation. Incentives to networks creation could be useful to foster future mergers, but may prove ineffective as a substitute for...

This paper studies costs and benefits of firm networks, and related industrial policies, with a focus on the �network contract� recently introduced in the Italian legislation. Incentives to networks creation could be useful to foster future mergers, but may prove ineffective as a...