Shipwrecks on the Great Lakes and the Lake Carriers Association
AbstractIn this paper we investigate the relationship between accidental shipping losses on the Great Lakes between 1900 and 1939 and the role the Lake Carriers Association played in preventing or limiting such losses. Moreover, we address the relative benefits of private effort, through the Lake Carriers Association, and public sector effort to reduce shipwrecks and capital losses through weather information transmission from the National Weather Service. Overall, our results confirm existing research that weather information supplied through National Weather Services stations generally resulted in smaller accidental shipping losses. However, we also find that increases in Lake Carriers Association membership also reduces such losses, and to a greater degree. This result is consistent across different measures and types of shipping losses.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 11378.
Date of creation: 30 Oct 2008
Date of revision:
shipwrecks accidents association membership;
Other versions of this item:
- Christopher S Decker & William Corcoran & David T Flynn, 2011. "Shipwrecks on the Great Lakes and the Lake Carriers Association," Eastern Economic Journal, Palgrave Macmillan, vol. 37(4), pages 450-469.
- 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-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-11 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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