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

Daniel Friedman and Daniel McNeill

Chapter 7 in Morals and Markets, 2013, pp 139-156 from Palgrave Macmillan

Abstract: 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.

Keywords: Spot Market; Moral Code; Piece Rate; Interpersonal Network; Money Center Bank (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33152-6_8

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DOI: 10.1057/9781137331526_8

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