According to Reuters:
British Airways (BA) could be fined up to 80 million euros (71 million pounds) next month for fixing cargo prices with other carriers, a source with direct knowledge of the case said on Tuesday.
A number of firms played “cooperate”:
The European Commission charged BA, Air France-KLM, SAS and several other airlines in December 2007 with taking part in an air freight cartel.
One played “defect”:
Lufthansa previously said it had immunity as it alerted the Commission to the cartel.
(Hat Tip: Amit Patel)
2 comments
Comments feed for this article
October 28, 2010 at 5:25 pm
michaelwebster
Since there are more than 2 players, this is not a PD. Nor is it obvious what the Multi person version looks like.
Do you have a model for it?
October 28, 2010 at 7:37 pm
Seoul G20 Summit and Links | Neow Revolution
[…] Prisoner’s dilemma everywhere: Cheap Talk […]