Shipwrecks on the Great Lakes and the Lake Carriers Association
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.
|Date of creation:||30 Oct 2008|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
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.:
- 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.
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:11378. 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.