Shipwrecks on the Great Lakes and the Lake Carriers Association
AbstractIn this paper, we investigate the relationship between accident-related shipping losses on the Great Lakes between 1900 and 1939 and the role the Lake Carriers Association (LCA) played in limiting or preventing such losses. Moreover, we address the relative benefits of private sector effort, through the LCA, and public sector efforts to reduce shipwrecks and capital losses through National Weather Bureau stations. Overall, our results confirm existing research that National Weather Bureau stations reduce accident-related shipping losses. However, we also find that increased membership in the LCA also reduced such losses, and to a significant degree.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Eastern Economic Journal.
Volume (Year): 37 (2011)
Issue (Month): 4 ()
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Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Other versions of this item:
- Decker, Christopher & Corcoran, William & Flynn, David, 2008. "Shipwrecks on the Great Lakes and the Lake Carriers Association," MPRA Paper 11378, University Library of Munich, Germany.
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- N82 - Economic History - - Micro-Business History - - - U.S.; Canada: 1913-
- L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
- N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
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