IDEAS home Printed from https://ideas.repec.org/a/pal/easeco/v37y2011i4p450-469.html
   My bibliography  Save this article

Shipwrecks on the Great Lakes and the Lake Carriers Association

Author

Listed:
  • Christopher S Decker

    (Department of Economics, University of Nebraska at Omaha, 60th and Dodge Street, Omaha, NE 68182, USA)

  • William Corcoran

    (Department of Economics, University of Nebraska at Omaha, 60th and Dodge Street, Omaha, NE 68182, USA)

  • David T Flynn

    (Department of Economics, University of North Dakota, Gamble 290 Centennial Drive, Grand Forks, ND 58202, USA)

Abstract

In 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.

Suggested Citation

  • Christopher S Decker & William Corcoran & David T Flynn, 2011. "Shipwrecks on the Great Lakes and the Lake Carriers Association," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 37(4), pages 450-469.
  • Handle: RePEc:pal:easeco:v:37:y:2011:i:4:p:450-469
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/eej/journal/v37/n4/pdf/eej20102a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.palgrave-journals.com/eej/journal/v37/n4/full/eej20102a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Fraas, Arthur G & Greer, Douglas F, 1977. "Market Structure and Price Collusion: An Empirical Analysis," Journal of Industrial Economics, Wiley Blackwell, vol. 26(1), pages 21-44, September.
    2. Jonathan M. Karpoff, 2001. "Public versus Private Initiative in Arctic Exploration: The Effects of Incentives and Organizational Structure," Journal of Political Economy, University of Chicago Press, vol. 109(1), pages 38-78, February.
    3. Posner, Richard A, 1970. "A Statistical Study of Antitrust Enforcement," Journal of Law and Economics, University of Chicago Press, vol. 13(2), pages 365-419, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • 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-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:easeco:v:37:y:2011:i:4:p:450-469. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.palgrave-journals.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.