Spange, Morten - School of Economics and Management, University of Aarhus
flexibility than in
the Nash equilibrium.
JEL Classification:E24,E32,F41,F42
Keywords: Real Wage Rigidity, Labour Market Reforms … labour market reforms in Europe, since it implies that the current
situation with a high degree of real wage rigidity in some … fraction of the countries have undertaken labour market
reforms, the rest will follow after.
Social planners solution
Having …