Public versus Private Initiative in Arctic Exploration: The Effects of Incentives and Organizational Structure

From 1818 to 1909, 35 government and 57 privately funded expeditions sought to locate and navigate a Northwest Passage, discover the North Pole, and make other significant discoveries in Arctic regions. Most major Arctic discoveries were made by private expeditions. Most tragedies were publicly fund...

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Bibliographic Details
Published in:Journal of Political Economy
Main Author: Jonathan M. Karpoff
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Online Access:https://doi.org/10.1086/318602
Description
Summary:From 1818 to 1909, 35 government and 57 privately funded expeditions sought to locate and navigate a Northwest Passage, discover the North Pole, and make other significant discoveries in Arctic regions. Most major Arctic discoveries were made by private expeditions. Most tragedies were publicly funded. Public expeditions were better funded than their private counterparts yet lost more ships, experienced poorer crew health, and had more men die. Public expeditions' poor performance is not attributable to differences in objectives, available technologies, or country of origin. Rather, it reflects a tendency toward poor leadership structures, slow adaptation to new information, and perverse incentives.