Digital Commons Network^™

Bilateral Monopoly In The Shipbuilding Industry: A Study Of Wage-Rate Determination, Gregory Woodhead

Doctoral Dissertations

The primary goal of this dissertation is to explicate the dynamic factors that influence the outcome of collective bargaining when a strong union with monopoly power over the supply of labor faces an employer exercising monopsony power over the demand for labor. A significant characteristic of the bilateral monopoly model is the indeterminacy of both the wage level and the quantity of labor employed. Each party sets bounds on the range of possible outcomes, but the final outcome is determined by the process of collective bargaining. The research methodology requires an examination of wage-rate determination in the U.S. shipbuilding industry …

Re-Examination Of The Purchasing Power Parity Theory: A Two-Sector Model Approach, Jamal Nahavandi

Doctoral Dissertations

For nearly a century, economists have debated the choice of appropriate prices in the empirical examination of the purchasing power parity (PPP) of exchange rate determination. The conventional price indices suffer from bias in measurements caused by the varying aggregation methods employed in different countries. The absence of uniform price indices across countries tends to frustrate empirical probing of the purchasing power parity theory. The problem is exacerbated by including non-traded goods in the composition of the conventional price indices used to test the PPP.

In this thesis, the problem of the 'index-numbers' is overcome by creating a unique set …