Huntin in packs

Huntin in packs

When is joint foreclosure a concern

The worry that competitors might get together to force a rival out of the market was a key feature of the European Commission’s (EC) recent assessment of the joint venture between Telefonica, EverythingEverywhere and Vodafone to develop a “mobile wallet” product for payments using smartphones in the UK. As this bulletin explains, such “joint foreclosure” concerns require a careful analysis of the economic incentives.

Hunting in packs