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From Hudson’s Bay to eBay: Why Some People Like Going to Work

In: Morals and Markets

Author

Listed:
  • Daniel Friedman
  • Daniel McNeill

Abstract

In 1805 the venerable Hudson’s Bay Company was sinking fast. Since 1670 its Royal Charter had given it a monopoly on the best trade routes to Europe for fine Canadian furs, but the lucrative business had recently attracted a new firm, North West. Its trappers and traders had to haul furs an extra 1,500 miles in birch-bark canoes, often over killing portages. Despite that huge cost disadvantage, North West had somehow managed to snare over 80 percent of market share, and Hudson’s Bay’s stock was in free fall.

Suggested Citation

  • Daniel Friedman & Daniel McNeill, 2013. "From Hudson’s Bay to eBay: Why Some People Like Going to Work," Palgrave Macmillan Books, in: Morals and Markets, edition 0, chapter 7, pages 139-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33152-6_8
    DOI: 10.1057/9781137331526_8
    as

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