In 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.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
11378.
References listed on IDEAS 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.: