It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic...

Bereits der Einführung des Mindestlohns zum 1.1.2015 ist eine Debatte über Tarifautonomie und Beschäftigungseffekte vorausgegangen. In der Ex-post-Betrachtung lässt sich feststellen, dass die negativen Beschäftigungsverhältnisse im Wesentlichen ausgeblieben sind. Nun hat die Ampelregierung...

There has been a long discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market...

It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic...