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Information Sharing During the Klondike Gold Rush

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  • Allen, Douglas W.

Abstract

When George Carmack struck gold in the Yukon territory on 17 August 1896, he freely shared the details and started what would eventually be three waves of rushes. This reflected a social norm of the Klondike, namely that any miner who struck gold would share this information. Miners did not behave this way in other nineteenth-century gold rushes. The article's hypothesis is that the extreme mining conditions and local geography of the Yukon led to very secure property rights over mining claims. Therefore, it took only a small incentive payment to induce miners to act in the social interest.

Suggested Citation

  • Allen, Douglas W., 2007. "Information Sharing During the Klondike Gold Rush," The Journal of Economic History, Cambridge University Press, vol. 67(4), pages 944-967, December.
  • Handle: RePEc:cup:jechis:v:67:y:2007:i:04:p:944-967_00
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    Cited by:

    1. John R. Boyce & Diane P. Bischak, 2010. "Learning by Doing, Knowledge Spillovers, and Technological and Organizational Change in High-Altitude Mountaineering," Journal of Sports Economics, , vol. 11(5), pages 496-532, October.
    2. Edwyna Harris, 2011. "Does franchise extension reduce short-run economic growth? Evidence from New South Wales, 1862-1882," Monash Economics Working Papers 19-11, Monash University, Department of Economics.

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