The Transformation of Hal in Shakespeares Henry IV Essay -- Henry IV

The Transformation of Hal in Henry IV      Ã‚  Ã‚   In Shakespeare's Henry IV, the character Hal, the Prince of Wales, undergoes a transformation that can be characterized as a redemption. Shakespeare introduces Hal, in the opening act as a renegade of the Court.   His avoidance of all public responsibility and his affinity for the company of   the Boar's Head Tavern, have caused serious concern for the King, because Hal is heir to the throne.   The King realizes that to keep order, a ruler and his heir must prove to be both responsible and honorable;   from the outset Hal possesses neither quality.   The King even testifies to his own advisor, that he would have rather traded Hal for Hotspur, the son of the Earl of Northumberland.   In the King's eyes Hotspur, not Hal,   is the "theme of honor's tongue" (1.1. 80), because he has won his glory through his merits in war.   Thus, Shakespeare has set Hal and Hotspur in opposition:   Hal, the prodigal prince, versus Hotspur, the proper prince.   Hal understands that he has been branded with the label, "truant to chivalry,"(5.1.   95) and as the heir to the throne, he realizes that it is imperative that he redeem himself not only for himself, but also for his father and his people because life will not always be a holiday , for "If all the year were playing holidays, To sport would be as tedious as work" (1.2. 211- 212).   However Hal needs some type of strength to make his realization come true.      Luckily Hal's father, the King is willing to lend several comments that enrage him and provide him with the necssary motivation.   It also seems that Shakespeare has included the foil for Hal, the vali... ...o someday rule the nation.       Works Cited and Consulted Barber, C.L. "Rule and Misrule in Henry1V." William Shakespeare: Histories and Poems. Ed. Harold Bloom. New York: Chelsea House Publishers, 1986. 143-167. Bloom, Harold. Henry IV, Part One: Bloom's Notes. New York: Chelsea House, 1996. Cruttwell,Patrick. Hernry IV. Shakespeare For Students, Vol. II. Detroit: Gale Publishing, 1999. Kantor, Andrea. Henry IV, Part One. London: Baron's Education Series, Inc, 1984. Princiss, G.M. Henry IV Criticism. Shakespeare For Students, Vol.II. Detroit: Gale Publishing, 1999. Shakespeare, William. The Norton Shakespeare. Ed Stephen Greenblatt, et al. New York: W. W. Norton & Company, 1997. Shakespeare, William.  Ã‚   1Henry IV.   In The Norten Anthology of English Literature. Eds.   M.H. Abrams et all.   5th Ed. New York: Norton, 1987.  

American Progress

John Gast’s painting, â€Å"American Progress†, illustrates many depictions of the early movement and development of the United States. This particular painting defines uniqueness and character throughout. Looking at it geographically the angel portrayed in the middle is floating westward as though she is exemplifying the Westward Expansion. She has the â€Å"Star of Empire† imprinted on her forehead, which better portrays the idea of her trying to move westward. This painting is a great description of our country’s economical progress and expansion. Gast artistically explains the present day United States as nice cities along rivers with big buildings and churches along the right edge of this painting. This scene is also shown as being happy and awakening because of the bright sun rays being shown down upon it. The city is supposed to represent a growing city along the mighty Mississippi River. You are able to see the evolution of transportation through boats and railroads. The three main intercontinental railways are shown departing from this city, and the beautiful angel in the middle is carrying the telegraph cable which eventually linked the nation together. She is also carrying with her some type school book, which to me represents intellectual ideas being spread throughout the country. In the background behind her lies many rolling hills and plush green grass. There is not many trees in this portrait, but the snow capped mountains on the left and the great plains on the right depict a great deal of land diversity from coast to coast. There are also many cattle, Indians, wild horses, bears, and other wild game trying to flee her approach towards the west and eventually into the storms and waves of the Pacific coast. Although she seems very divine in appearance some may take her intentions as revolting. Her central idea seems as though she is trying to spread the economical progress throughout the entire United States. Emotionally this is a very strong painting because of its detail and significance. When I first looked at this painting it made me think of Manifest Destiny. The angel in the middle attempting to emigrate westward defines the meaning of manifest destiny. Many thought it was God’s belief that the United States would expand from the Atlantic coast to the Pacific coast. I also felt another tie to my previous assumption when I noticed the star on her forehead. I felt it had great importance so I began to acknowledge her surroundings and I realized it was the â€Å"Star of Empire†, which signifies westward movement as well. The star is a bright golden color, almost identical to rays of light being exposed upon new land. She is wearing a long, swaying white robe which is also significant because the color white signifies freedom. Her bright golden, blonde hair also signifies the presence of God to me. Her presence in this painting is not just for beauty but for great importance. I have always felt strongly about the spread of equality throughout our nation, and to me it seems as though she is trying to spread the superior life-style across the United States. The book in her arm represents that she is trying to spread intelligence and the teaching of literacy. It was very rare in the past for many people to be able to both read and write, and with the spread of civilization trying to take place it is very important that she also spread the gift of teaching. I also believe that she is trying to spread the connection of communication throughout the country by carrying the telegraph cord in her other hand. This became a very important facet of our country, because many of the connections and deals made over time would not have been made possible without communication. When I looked more towards the left side of the painting I noticed it was very dark and gloomy. Coincidently that happened to be the way everyone was fleeing, which in my mind represents everyone trying to escape freedom and return to normalcy among themselves. These men, women, and animals look as though they are afraid of the angel hovering over them, but ideally they are trying to escape normal civilization. This painting portrays many different themes and central ideas depending on which way it is observed. I feel from my point of view that I was able to interpret that the theme is based on moving forward in society. As seen on the right side of this portrait, the eastern United States progressed sooner than the west, and many frontiersmen are afraid of this new lifestyle. It seems as though the angel is trying to help everyone move forward and develop a new way of living and become more acquainted with this innovative way of living. No one copes very well with change, and like-wise neither did the Indians, farmers, and all of the other wild animals. These individuals had to manage survival with whatever nature skills they had. The mountainous region on the left side of the painting is covered with dark, rainy clouds and white snow caps. This symbolizes harsh climates and bad conditions for any type of living. Some of the animals may not be used to the western climates and may not be able to adapt quickly enough before facing the edge of extinction. The angel present in the center of the painting is able to help spread this central idea of moving on by her presence and what she brings with her. The coloration of her long, curly hair exemplifies traits from Jesus Christ. Her intentions are as His would be, and that is to create happiness and equality throughout. The gleaming star on her forehead also ties into the main theme through the concept of Manifest Destiny. I believe the star has the most significance of any object in the painting when referring to the main theme. The principle of the star represents the same significance as the main theme; people are trying to move forward in society. This entire painting depicts the importance of this exploration to the western United States. Everything is explained in perfect artistic form from the bright, sunshiny city on the right to the dark, gloomy coast on the left. The depiction of the angel in the middle is obviously the most important characteristic of this painting, but she also brings a lot of debate for whether or not she is subsiding good or bad influence on our country. There are many details and translations that can be looked at from many different angles depending on the person’s train of thought. I have explained in every detail the way I feel about this painting and the way I sensed each direction of the artist’s feelings. John Gast has a great connotation of each perception in his painting, and uses many features to depict different portions of his famous artwork. Many great Americans can agree with the central concept of this painting and will be able to grasp the implications behind each item portrayed in the painting. I personally feel that this painting is well thought out and had great meaning behind each aspect.

Ultraviolet Radiation Cause And Effect Essay - 1750 Words

ESL 099W Writing Reading Cliff Ishida, Cause Effect Essay, August 9, 2017 The effects of ultraviolet radiation are the cause of eye disease The twenty-first century is the century of developing everything on this planet, which has been developed by the human. While humans were developing their house, doing activities, using transportation, structuring manufacturing industry, burning the fuel and cutting the tree, these activities bring toxins into the atmosphere and destroyed the ozone. â€Å"Depletion of ozone in the stratosphere are thought to lead to increased levels of ultraviolet radiation on earth (1), all of which there are three types of ultraviolet radiation as UV-A, UV-B and UV-C. Types of ultraviolet radiation are dangerous to†¦show more content†¦Pinguecula and pterygium are more common in middle aged or older people who spend a lot of time in the sun. These diseases can avoid risk factors and treatment by wearing sunglasses, wearing a hat or using an umbrella. Using artificial tears in people who have eye irritation can help relieve irritation and improve the eye comfort. The patients who have a ti ssue cover into the pupil will need eye surgery. Furthermore, another part of the eye affected by ultraviolet radiation is the lens and the eye disease in this part is a cataract, which cataract disease is caused by degeneration of the lens and symptoms with a blurred vision as a fog, hindering the light to pass into the eyes and the optic nerves are fully. The treatment of cataract disease is surgery to remove the Natural lens and then insert the intraocular lens to replace, also after cataract surgery, patients should take care of themselves, eat a healthy meal and the most important thing is to avoid sunlight. The parts of conjunctiva and lens, there is also the part of the retina that affected by ultraviolet radiation. This part of the eye is the most severe disease from ultraviolet effect and this part has the age-related macular degeneration (AMD) disease, which AMD is a problem with a part of the retina called the macula. ThisShow MoreRelatedSymptoms And Treatment Of Basal Cell Carcinomas961 Words   |  4 Pagesstates the facts in a much more detailed manner, stating that indeed people who expose themselves to ultraviolet rays for prolonged period of time, some form of abnormalities such as skin cancer may occur. Section 3: the reasoning on this article was to convince and to point out the facts that indeed an individual can develop Basal Cell carcinoma overtime due to [prolonged exposures to ultraviolet rays. People with all kinds of skin types and at any age can get skin cancer, that is, if the skin isRead MoreThe Depletion Of The Ozone Layer1593 Words   |  7 Pagesdepletion of the ozone layer became international. This essay will look at what the ozone layer is, why it was depleting, how the international response to this situation developed and what this collaboration means for our future. The envelope of gases surrounding the earth is called the atmosphere and it serves three critical functions: it provides life-giving oxygen, keeps the earth warm, and protects us from deadly ultraviolet (UV) radiation from the sun. Most of the atmosphere consists of nitrogenRead MoreImpact Of Pollution On Ozone Depletion1989 Words   |  8 PagesJamie Kanzler Extended Essay: What is the impact of pollution on ozone depletion? Section 1: Introduction   Ã‚  Ã‚   Air is classified as a mixture because it is made up of many different elements. These elements include 78% nitrogen, 21% oxygen, 1% Argon, .4% water vapor, and .04% carbon dioxide.   Human activity has a very large effect on the air in our environment. Over time, humans have caused the once clean air to become polluted with chemicals.   These chemicals are called pollutants. A pollutant isRead MoreUltraviolet and Inverse Psoriasis Essay examples995 Words   |  4 PagesIn psoriasis, skin cells mature faster than the body can shed them, causing a buildup. Although there are many theories as to what the cause of such a disease might be Ââ€" genetics, stress, or other triggers Ââ€" no one is quite sure why the disease occurs, or what could be a possible way to fully cure it. In this essay we will explore the symptoms, types, and effects of this condition, and also some of the known treatments. Psoriasis can occur in anyone, but there are many groups that are at a higherRead MoreImpacts of Climate Change on Australia Alps’ Ski Industry1078 Words   |  4 Pagesserious implications for Australia’s ski industry, in particular the longevity of the industry. This essay discusses the impacts of alpine climate change on snow cover, adaption strategies to sustain the industry’s economy as well as the unsustainable nature of snowmaking as a long term solution. Limitations on water and energy resource make snowmaking problematic as a substitute for natural snow. The essay highlights the unsustainability of snowmaking as a short-term solution, and raises concerns of theRead MoreThe Effects Of Human Activity On Marine Creatures1269 Words   |  6 PagesAlthough humans can benefit from doing so, the effect of anthropogenic activity on marine creatures cannot be neglected at the same time. Marine life can be defined as any living plant or animal in the ocean. Mar ine animals include squids, corals, whales and fish, while marine plants include sea grasses and algae. This essay has attempts to show that human activity has a generally harmful impact on marine creatures. In terms of human activities, this essay analyzes the different kinds of actions madeRead MoreMoisturisers And Uv Protection Essay4467 Words   |  18 Pages Moisturisers and UV Protection Essay 2 Raquel Ferreira 6/26/2015 3144 Words Contents 1. Introduction 3 2. Skin and Ultraviolet Light 4 3. UVA and UVB protection 7 3.1. Types of ageing 7 3.2. Ultraviolet radiation and exposure 8 4. Sun Protection Factor (SPF) 11 5. Suncare Formulation 15 5.1. Method of Manufacturing 16 6. Suncare Ingredients 17 6.1 Day Cream Formulation SPF30 19 7. Stability and Performance Tests 21 7.1. Moisturisation 21 7.2. SPF Measurement 22 7.2.1 SPF in VivoRead More The Ozone Layer and Climate Change Essays2205 Words   |  9 Pagesimperceptible, but as we have grown both in number and technological capability, that influence has grown with us. Lately, the effects of our increased activity have begun to manifest themselves in a multitude of subtle, and some not so subtle ways: we have thinned the ozone layer and may now be starting to change the very climate system upon which we and all other life on Earth depend. In effect, we are experimenting with the future, but unlike performing a laboratory experiment, which can be scrapped and begunRead MoreCancer and White Blood Cells1580 Words   |  7 PagesEssay Assignment: Cancer 1. Introduction In this essay, I will talk about how cancer creates in our bodies and the different ways that it can be treated. We will learn that scientists find some ways to prevented after continue researches throughout the years. Then in the end, we will see how cancer affects population and at the same time our way of life. 2. Cancer facts and Classes Nobody knows when cancer originatedRead MorePollution Of Fossil Fuels And Deforestation Essay1484 Words   |  6 Pagesthe Sun’s solar energy arrives at the Earth’s atmosphere, a portion of the energy is bounced back into space while the remainder is absorbed by the land and bounced back by the greenhouse gasses and that is a natural process called the Greenhouse Effect (MFE Australia, 2013). What are Greenhouse gasses? Greenhouse gasses are emissions that traps heat in the atmosphere (EPA, 2012). Main greenhouse gasses consists of Carbon dioxide (CO2), Methane (CH4), Nitrous Oxide (NO2) and Fluorinated gasses (EPA

International Criminal Law Free Essay Example, 3500 words

Lemkin felt, during his documentation of Hitler’s offenses, strongly felt that such practices justified a reconsideration of some principle in international law. He states the issue as â€Å"whether government can destroy with impunity its own citizens and whether such acts of destruction are domestic affairs or matters of international concern. Practically speaking, should the moral right of humanitarian intervention be converted into a right under international law? †7 The implications of this question require a rethinking of the principles of criminal law which holds that criminal jurisdiction vests in a court when the crime is committed within the territorial jurisdiction of that court. Normally therefore, where a crime is committed even by a state’s own national, but outside its territory, no action may be brought against the national in that state Lemkin’s question proposes to make genocide an international crime, where action can be brought in a tribunal in another state for crimes committed outside its territory. Lemkin likened genocide to piracy, where the act is treated as a crime under the law of nations, in which case every state should be able to take jurisdiction over such acts irrespective of the nationality of the offender and of the place where the crime was committed. In 1945, the German war criminals were indicted on the crime of genocide and other offenses, for the extermination of the Jews, Poles, Gypsies, and ot her racial or religious groups. We will write a custom essay sample on International Criminal Law or any topic specifically for you Only $17.96 $11.86/pageorder now The term genocide had to be created to encompass the legal concept of the destruction of human groups, with the intent to â€Å"wipe out entirely the biological power of the neighbours of Germany, so that Germany might win a permanent victory, whether directly through military subjugation or indirectly through geological destruction. Germany’s eventual defeat is immaterial, for as long as its neighbours whom it considered its enemies would be so weakened that Germany would be able to recover its strength years after its defeat8. Consequently, in August 1945, the triumphant World War II Allies decided that the high Nazi officials shall be held accountable through a series of criminal trials. In order to realize this, they appended a list of â€Å"crimes against humanity† to the Charter of the International Military Tribunal for the Trial of the Major War Criminals. The so-called crimes against humanity were defined as â€Å"murder, extermination, enslavement, deportation, and other inhumane acts committed against any civilian population, before or during the war, or persecutions on political, racial or religious grounds in execution of or in connection with any crime within the jurisdiction of the Tribunal, whether or not in violation of the domestic law of the country where perpetrated. †9 Extermination and persecution â€Å"’Crimes against humanity’ is an international criminal justice offence; the pertpetration of acts of war upon a civilian, non-soldier population. †10 As related in the previous section, it was appended to the document entitled Charter of the International Military Tribunal for the Trial of the Major War Criminals, which was put into effect in the Nuremberg trials.

Review Of Growing Up With Literature By Walter E. Sawyer

Reading is such an old, and timeless pastime that is enjoyed by many. Literature is not only something to help one to become more educated, or be used for entertainment, but it also can be used as therapy for those who need it. According to Walter E. Sawyer in his book Growing Up with Literature, bibliotherapy is simply a therapy for treating bodily disorders using books. Bibliotherapy began its work with librarians and teachers over a half-century ago and was created by David Russell and Caroline Shrodes. They have said that bibliotherapy is a process when the reader and the literature interact. Patricia Cianciolo also agreed with this idea and said that books help children understand more about human behavior, find interests outside oneself, and relieve stress in a controlled manner. She said that books could also help a person resolve problems for an individual personally, and help a reader find insight on their own behavior. The important factor in using bibliotherapy is to find books that will keep a child’s interest, age appropriate, and relate to the interests and motivation needs for the reader. Charlotte Huck and Barbara Kiefer also believed that bibliotherapy can be used for helping children with everyday anxiety and fears. They believe that in order to use bibliotherapy in this way, that there are three stages. The first stage is called identification, where the reader relates to the character in the literature. The next stage is called catharsis, which means toShow MoreRelatedAn Empirical Study on Competitive Marketing Strategies for Skin Care Cosmetics of Organized Retail Sector5596 Words   |  23 PagesCOMPETITIVE MARKETING STRATEGIES FOR SKIN CARE COSMETICS OF ORGANIZED RETAIL SECTOR C.Thirumal Azhagan( Dr.P.S.Nagarajan(( INTRODUCTION Strategy can be defined as a firm’s positioning to gain a competitive advantage in the marketplace (Michael E. Porter 1996)[1]. A strategy is always to secure organizational effectiveness by performing the right activities at the right time and to .achieves the right fit with the external environment. Building upon this idea, a marketing strategy allows firmsRead MoreSolution Manual, Test Bank and Instructor Manuals34836 Words   |  140 PagesEdition_ Daryl L. Logan (SM) A Framework for Marketing Management, 4E_Philip R Kotler,Kevin Lane Keller (TB) A Friendly Introduction to Numerical Analysis,Brian Bradie (ISM) A Guide to International Financial Reporting Standards, 3rd Edition_Belverd E. Needles, Marian Powers (SM+TB) A Guide to Modern Econometrics, 4th Edition_Marno Verbeek (SM) A History of Modern Psychology, 10th Edition _ Duane P. Schultz, Sydney Ellen Schultz ( IM+TB) A Microscale Approach to Organic Laboratory Techniques,Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pages1 1 Introduction What Is Organizational Behavior? 3 The Importance of Interpersonal Skills 4 What Managers Do 5 Management Functions 6 †¢ Management Roles 6 †¢ Management Skills 8 †¢ Effective versus Successful Managerial Activities 8 †¢ A Review of the Manager’s Job 9 Enter Organizational Behavior 10 Complementing Intuition with Systematic Study 11 Disciplines That Contribute to the OB Field 13 Psychology 14 †¢ Social Psychology 14 †¢ Sociology 14 †¢ Anthropology 14 There Are Few Absolutes inRead MoreThe Studio System Essay14396 Words   |  58 Pages The Bad and The Beautiful (1952 - bw), Julius Caesar (1953 - bw), Somebody Up There Likes Me (1956 - bw). He was nominated for Wizard of Oz in 1939, but didnt win. In some ways you could say that Cedric Gibbons was the most influential set designer of the 1930s, because he controlled such a large studio. His autocratic control ensured that his vision and his visual style would end up on the screen. Artistically, however, it is probably safe to say that the mostRead More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 Pagescontact us at: Thomson Learning Academic Resource Center 1-800-423-0563 For permission to use material from this text or product, submit a request online at http://www.thomsonrights.com. Any additional questions about permissions can be submitted by e-mail to thomsonrights@thomson.com. Printed in the United States of America 1 2 3 4 5 6 7 11 10 09 08 07 ExamView  ® and ExamView Pro  ® are registered trademarks of FSCreations, Inc. Windows is a registered trademark of the Microsoft Corporation used

Marine Resources Free Essays

Madalena Barbosa Marine Resources – April, 2012 Index Common Property Fishery of N identical fishing vessels model: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 1. We will write a custom essay sample on Marine Resources or any similar topic only for you Order Now a) Biological Stock Equilibrium without Harvest †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 1. b) Maximum Sustainable Yield †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 1. c) Open Access Equilibrium †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5 1. ) Optimal Economic Equilibrium †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 1. e) Comparison between Maximum Sustainable Equilibrium and both Open Access Equilibrium and Optimal Economic Equilibrium †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8 1. f) Assuming a schooling fishery †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 9 2. Different possible policies †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 11 2. ) Total Allowable Catches †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 2. b) Effort and harvest taxes †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 13 2. c) Individual Transferable Quotas – ITQ’s †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 15 3. Recommendation statement for the policy decision ITQ’s †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 16 Figure 1Growth and Harvest as function of stock size †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Figure 2Sustainable revenue, to tal costs and net benefit of fishing effort. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 8 Figure 3 Growth and Harvest as function of stock size for an Open Access equilibrium and a set TAC †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 11 Figure 4 Sustainable revenue, total costs and Total revenue and total costs for the TAC level of fishing effort. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 Figure 5 Use of corrective t axes on effort can equate social and private costs †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 14 Figure 6 Use of corrective taxes on harvest that can equate social and private revenues. †¦Ã¢â‚¬ ¦. 15 Marine Resource Management – Assignment 2 1 Common Property Fishery of N identical fishing vessels model: Biological growth function for the resource stock: ? = 1? ? = ? ? Graham-Schaefer production function (linear case of the Coob-Douglas production function): Profit function: Condition: Where, 0? = ? ? ? S(t): stock (biomass) of economically valuable fish at time t. E(t): Effort is an index measure of the quantity of inputs applied to the task of fishing at time t. Intrinsic growth rate of the resources stock: r = 0,8/Year Natural carrying Capacity (maximum value for S): k=50. 000 tons Catchability coefficient: q = 0,0002/hour fishing Price per unit of output: p = 200â‚ ¬/ton Cost per unit of effort: c=400â‚ ¬/ hour fishing Maximum Effort per vessel: = 100 hours fishing 1. a) Biological Stock Equilibrium without Harvest In this situation the growth in the stocks doesn’t exist so that: ? =0 = = 50. 000 1. b) Maximum Sustainable Yield In order to calculate the values that maximize sustainable harvest for this fishery, we need to compute the harvesting function that depends on effort (Shaefer Yield Effort Curve); and after that, to maximize harvesting for effort so that we are able to compute the different sustainable values. Marine Resource Management – Assignment 2 2 First we substitute the Graham-Shaefer production function into the biological growth function of the stock and obtained, = 1? ? In a steady-state equilibrium = = are equally counterbalanced by the removals from the stock through harvesting). Also and . The solution of the previous function for the steady-state level of S is: 1? = ? 1? = ? = 0, so that = (the additions to the resource stock 1? = = ? ? 1? = ? Substitute the former function in Graham-Schaefer production function to find Shaefer Yield Effort Curve: ? = = = ? 1? ? ? ? Schaefer Yield Effort Curve: This equation is quadratic in E so for high levels of effort the yield is zero. So, if the effort level is higher than the critical level, gt; towards extinction. ? , the yield is zero and the population will be driven Maximize Shaefer Yield Effort Curve to find the highest value of Effort that can be sustainable, 2 =0? 2 =0? = ? = = 2 ? ? = 2 Marine Resource Management – Assignment 2 3 To find the Maximum Sustainable Harvest level substitute Emsy in the Shaefer Yield Effort Curve, ? = ? ? 4 ? ?= 2 ? 2 ? ?= ?= 2 2 ? 4 ? ? ?= 2 ? = 4 ? To find the stock that maximizes sustainable harvest of this fishery substitute Emsy and Hmsy in Graham-Shaefer production function and s olve it for S, = ? 4 = 2 ? 4 Note that the resource stocks at MSY is on-half of the natural carrying capacity. The solution for the maximum sustainable yield is given by the following values of Effort, harvest and stock: = 2 ? = 0,8 ? 50. 000 ? 4 50. 000 = ? 2 0,8 ? 0,0002 = . 0 2 = ? = = = 2 4 ? ? = = = . . Now that we have calculated the level of effort corresponding to the maximum sustainable yield, EMSY, we can estimate the necessary equilibrium fleet, as it is the one that with the maximum effort per vessel, EMAX, equals the EMSY. = 2. 000 ? 100 ? ? = ? The equilibrium fleet under sustainable harvesting is composed of 20 identical fishing vessels. ? = = Marine Resource Management – Assignment 2 4 1. c) Open Access Equilibrium To characterize the Open-Access Equilibrium we take two main assumptions: 1. The steady-state equilibrium for the biological growth function is true and 2. It is also true the steady-state equilibrium condition for all sustainable rents. = =0 ? =0 With these two equations we have the property right condition of open-access and the social welfare optimum. That is, the comparative statics to compare the optimal open-access levels of effort, resource stock, yield, and rents with the social optimum levels of effort, resource stock, yield, and rents. Rearranging we obtain the open-access equilibrium level for the resource stock, ? = = ? ? From the steady-state equilibrium condition we can find the level of effort in an Open Access equilibrium, = ? 1? = = = ? = Rearranging for E: Substituting S for SOA: = 1? 1? ? ? ? Substituting EOA in Graham-Schaefer production function we get the harvest in an Open Access equilibrium, = ? = ? = ? ? 1? ? Marine Resource Management – Assignment 2 5 The profits per vessel on an Open Access equilibrium are as we already stated before equal to zero, = = ? = 200 ? 6. 400 ? 400 ? 3. 200 ? Profit will be zero for each individual firm and, consequently, for all the firms competing in this market; which makes sense once we are in the situation where companies can freely enter or exiting the market (similar to perfect competition). The solution for the Open-Access equilibrium is given by the following values of Effort, harvest and stock: = = ? = ? = ? . = 1? 1? ? ? = = , , ? , ? , ? , 1? 1? ? , ? , ? . ? ?. . = . = . 1. d) Optimal Economic Equilibrium The static, steady-state optimal economic level of effort, for the individual, that also maximizes the social welfare for society is found by computing the equation for sustainable rents and maximizing it for the Effort: = =0? = = ? ?2 ? ? =0? ? Maximizing, 2 ? ? = To solve for the static steady-state optimal economic level of the resource stock, SEFF, substitute EEFF into the equation for the resource stock with the Schaefer Yield Effort Curve, = 1? ? = 1? 2 = + 1? ? = 1 1? + 2 2 ? Marine Resource Management – Assignment 2 6 The Optimal Economic Equilibrium’s for Harvesting can be found using the Graham-Schaefer production function by substituting EEff and SEFF found before, = ? 2 ? = 1? ? ? ? 2 + 2 ? = ? + The solution for the Open-Access equilibrium is given by the following values of Effort, harvest and stock: = 1? ? ? = ? , = + = ? ? = ? , . + 1? ? ? , ? , ? . = = . = . . Marine Resource Management – Assignment 2 7 1. e) Comparison between Maximum Sustainable Equilibrium and both Open Access Equilibrium and Optimal Economic Equilibrium In this question we are asked to compare the maximum social sustainable solutions with both solutions of the Open Access and the Optimal Economic Equilibrium, respectively. The results acquired during the former exercises are summarized in figure 1 and figure 2: 14. 000 q. E(MSY). S 12. 000 q. E(OA). S H(MSY) 10. 000 Growth in Fish Stock (tons) . E(Eff). S H(Eff) 8. 000 H(OA) 6. 000 4. 000 2. 000 S(OA) 0 0 5. 000 10. 000 15. 000 20. 000 25. 000 30. 000 Fish Stock (tons) 35. 000 40. 000 45. 000 50. 000 S(MSY) S(Eff) G(S) q. E(OA). S Figure 1Growth and Harvest as function of stock size 2. 500. 000 E(Eff) E(MSY) E(OA) Total Revenue, Total Cost and Profit (â‚ ¬/hour fishing) 2. 000. 000 1. 500. 000 1. 000. 000 500. 000 0 0 500 1. 000 1. 500 2. 000 Effort (hour fishing) TR TC NB TC (Eff) 2. 500 3. 000 3. 500 4. 000 Figure 2Sustainable revenue, total costs and net benefit of fishing effort. From the previous figures we can easily see that, lt; lt; The MSY policy target is the best in a social point of view. It has the highest harvest maximum for a balanced level of stock with a medium level of effort. But in an economical point of view this equilibrium doesn’t bring the best results since its rent level is lower than for the optimal economic equilibrium. The efficient solution is the one that requires less effort to capture an intermediate level of fish, keeping the highest possible level of stock. This is why, economically, efficiency is the best solution, because it will allow future generations to capture similar quantities once preservation of stock is taken into account and additionally getting the higher rent. Furthermore and comparing with open access and sustainable yield, this solution requires less effort which is positive for the companies involved. In the situation of open access, as there is free access to the market, competition will lead to low individual harvesting levels and significantly high levels of effort and, at the same time, the level of stocks will be the lowest. lt; lt; lt; lt; ; 1. f) Assuming a schooling fishery Given that we are now in the situation of a schooling fishery, where the group of fishes is swimming in the same direction in a coordinated manner, and we have the following access given its profit condition ( = ? ? = 200. = = conditions: ? = and 0 ? ? , we are able to compute the outcome for open ), where we already know that ? ? = ? ? = 0 . It is again important to note that i) In this case, as ? =2 ? = 200 ? 2 ? 400 = 0 between exploiting or not the stock available. = 0 under all values of effort, we have a situation of indifference Marine Resource Management – Assignment 2 ii) Here, as abandon this market and no effort will be given ( = 0). The stock will not be exploited at all and initial stock will remain equal to final stock. iii) ? =3 ? = 200 ? 3 ? 400 = 200 ? =1 ? = 200 ? 1 ? 400 = ? 200 lt; 0, firms will not have any interest in fishing so they will simply Under this situation, as market, so they will apply all the effort available in order to maximize their own profits. As a result, stocks will be exploited until the end. gt; 0, companies have interest in competing in this Marine Resource Management – Assignment 2 10 2. Different possible policies The Food and Agriculture Organization of the United Nations (FAO) distinguishes two types of fisheries management: Incentive Blocking and Incentive Management. Regarding Incentive Blocking we can have management instruments that encourage effort and and harvest reductions by blocking them. For example, Total Allowable Catches (TACs), gear restrictions, like engine power limitations, limit fishing seasons, limit entry with buy-back schemes (licenses) or just increase the real cost of harvest through regulations. Incentive Adjusting pursuits to adjust the fisher incentives to make them compatible with society’s goals. In this case we are talking about taxes on effort or harvest and quotas. We will present you with some examples regarding these types of management. 2. a) Total Allowable Catches A Total Allowable Catch is a catch limit set for a particular fishery, generally for a year or a fishing season. In a derby fishery, the governments set a limit on the total allowable catch (TAC) for the year and the fishery is open on a specific date. As soon as TAC is reached, the fishery is closed for the year. The TAC is set below the overfishing level to assure that it is restrictive. Its goal is to allow the natural resource to recover the stock levels. In this case the TAC was set below de level of harvesting for the Open-Access equilibrium at the value of 3500 tons (figure 3). 12. 000 10. 000 Growth in Fish Stock (tons) 8. 000 6. 000 4. 000 2. 000 0 0 5. 000 10. 000 15. 000 20. 000 25. 000 Fish Stock (tons) G(S) TAC q. E(TAC). S q. E(OA). S H(OA) 30. 000 35. 000 40. 000 45. 000 50. 000 Figure 3 Growth and Harvest as function of stock size for an Open Access equilibrium and a set TAC The TAC policy level of effort is significantly lower than the open access level. The TAC level equals Shaefer effort Yield curve in equilibrium, Solving for E: 3500 = 0,0002 ? 0. 000 ? = = ? , = ? ? ? ? , , ? ? ? . So this measure would allow the stock to recover for a level of, = , = 3500 ? 0,0002 ? 387,55 In a conservation point of view this is an effective measure, but in an economical point of view it has its issues. The tendency for fishing enterprises is to move towards an over-investment in equipment and labor in order to increase their share o f the common TAC. It causes a major disruption in the seasonal pattern of a fishery as fishermen rush to obtain their share of the quota. Often vessels increase in size and add engine power both to operate with greater fishing power. In a consequence, economic conditions in the derby fishery are best at the start of a season when the fish stocks are most abundant, and steadily deteriorate as harvesting depletes the available stocks. These conditions induce a race for fish, which, in turn, results in overcapitalization (Figure 4). 2. 100. 000 Total Revenue, Total Cost and TAC level (â‚ ¬/hour fishing) 1. 600. 000 1. 100. 000 600. 000 100. 000 0 500 1. 000 1. 500 2. 000 2. 500 3. 000 3. 500 4. 000 -400. 000 TR Effort (hour fishing) TC p*TAC TC’ E(OA) Figure 4 Sustainable revenue, total costs and Total revenue and total costs for the TAC level of fishing effort. Assuming that calculate the costs of overcapitalization, c’, and understand this behavior: = ? ? = ? = 0 and that the stock levels will vary with the imposition of the TAC we can ?= ? = = , ? = , = From the function above we can understand the volatility of this policy. With the increase in the levels of stock the price will be higher and the fishermen have the incentive to invest in fleet capital that from society’s point of view is redundant. Also, the excess fleet makes the monitoring of harvesting very difficult and the TAC limit is exceeded. 2. b) Effort and harvest taxes Fish is economically overexploited under open-access regime. The market price is high enough and the harvest cost low enough to make it a commercial resource. Corrective taxes can in theory bring marginal private costs into alignment with marginal social costs. Using taxes the managers reduce the fishermen revenues or raise the real cost of fishing. The idea is to find the tax rate, on either effort or harvest, that adjusts effort to the maximum economic yield level, EEff, that should be as said before the level at which the sustainable rent is maximum. With an effort tax the total cost per unit of effort is, = + Where tE is the tax per unit effort (ex. : $ per trawl hour or trawl year) and TC’ is the total costs with taxes. The effect of the effort tax is to increase total costs to such a level that the TC’ curve intersects the total revenue curve for the EEff, as you can see in figure 5. The tax on the effort was found as followed, = + ? ? tE = 800 â‚ ¬/hour fishing ? 200 ? 9. 600 = 400 + ? 1. 600 ? Note that for any value of effort the total costs with taxes is greater that the total costs. The effect of an effort tax increases the slope of the total cost curve for the industry. This implies that the total revenue, TR(E), is shared between the government, as the tax collector, and the Marine Resource Management – Assignment 2 13 fishing industry. The former receives the resource rent, ? Eff, and the fishers end up with the difference between the total revenue and the resource rent that is just enough to cover the costs of the fishers. 2. 500. 000 E(Eff) E(MSY) E(OA) Total Revenue and Total Cost (â‚ ¬/hour fishing) 2. 000. 000 1. 500. 000 ? (Eff) 1. 000. 000 500. 000 0 0 500 1. 000 1. 500 2. 000 Effort (hour fishing) TR TC TC’ 2. 500 3. 000 3. 500 4. 000 Figure 5 Use of corrective taxes on effort can equate social and private costs In the case of a harvest tax, the sustainable revenue of the fishery curve is affected, as you can see in figure 6. The harvest tax would be applied to the price as it is demonstrated next, ? = ? = ? tH = 133,33 â‚ ¬/hour fishing 200 + ? 9600 = 400 ? 1. 600 ? So in this case, the net price of the fish received by the fishers is also only just enough to support the costs. 2. 500. 000 E(Eff) E(MSY) E(OA) Total Revenue, Total Cost and Rent (â‚ ¬/hour fishing) 2. 000. 000 1. 500. 000 ? (Eff) 1. 000. 000 500. 000 0 0 500 1. 000 1. 00 2. 000 Effort (hour fishing) TR TC TR’ 2. 500 3. 000 3. 500 4. 000 Figure 6 Use of corrective taxes on harvest that can equate social and private revenues. The resource rent equals the total tax revenue in both cases, = = ? ? = 133,33 ? 9. 600 = 1. 280. 000â‚ ¬ = 800 ? 1. 600 = 1. 280. 000â‚ ¬ ? ? ? ? Thus, a tax on harvest contributes to decreasing the total rev enue of the industry whereas a tax on effort contributes to increasing the industry costs. This would be a very interesting measure if the resource rent would be re-distributed, for example, to the fishing community avoiding any efficiency loss. But it is very hard to get to an agreement regarding this subject so the losses are real and the measure is not efficient in an economic perspective. Also, in a social point of view this measure is very demanding since it lowers the private revenues of the fishers, a theoretical and overall poor social group. 2. c) Individual Transferable Quotas – ITQ’s The ITQ’s are an improved version of the TAC’s policy. It allocates a specific quota to each individual (ex. : a vessel, a corporation, etc. ) consistent with property rights theory. With this kind of policy fishermen don’t need to race against each other. We will proceed with short run rights, where fishermen own a share of harvest. The quota is computed from the previous established level for TAC and the fleet capacity, in this case we are going to use the value for the necessary equilibrium fleet previously calculated, ? = 3. 500? 20 = So, each of the 20 identical fishing vessels are allowed to harvest 176 tons per fishing season. To ensure that the expected results are lasting, the quotas should be transferable. There has to be a quota market to ensure that at any time the most cost-effective fisher does the fishing. If = 0, ? As St varies l will be adjusted and the quota market prices established. In a successful Optimal Economic managed fishery, resource rent per unit of effort would be: = ? 1. 280. 000 = 800â‚ ¬ 1. 600 And the resource rent per unit of harvest would be: = ? ? These two prices indicate the equilibrium prices of effort and harvest quotas. The quotas market correct incentives for each boat to maximize its rent and to harvest with minimum costs, removing the incentives to over capitalization. So, in a conservation point of view and in economic terms ITQ’s are the best policy measure. . 280. 000 = 133,3â‚ ¬ 9. 600 ? 3. Recommendation statement for the policy decision ITQ’s ITQ’s are the best option as they are efficient both in a conservation point of view as in economic terms. Also, it’s the only measure that aligns the interests of the fishermen, the biologists and the governments. ITQ’s has several advantages like being efficient, as said before, it improves safety, as fishermen don’t need to rush to sea under bad weather conditions, improves the quality for consumer by spreading the fishing season and it incentives for mutual enforcem ent control. But all of its potential can be wasted if a good monitoring system is not assured. Comparing to a blocking measure, like TAC, its property rights condition correct what it was flawed with the previous policy. Now the fishermen have exclusive rights to a fishery resource, not having to expend effort until profits are zero and, consequently dissipating all the potential rents that the fishery resource could have generated. Marine Resource Management – Assignment 2 How to cite Marine Resources, Papers

Gulf of Tonkin free essay sample

The Gulf of Tonkin Resolution, to me was a considerable formal declaration of war against communist North Vietnam. The United States wasn’t interfering with the conflict between North and South Vietnam, they were in international waters. The U. S did have a right to attack to keep peace and have security between themselves and the rest of the world. The U. S. S. Maddox was in the Gulf of Tonkin on the 2nd of August in 1964 surveying the coast and gathering intelligence about Vietnam, as a part of DESOTO. They were in international waters, to test the 12 mile boundary set by North Vietnam. North Vietnam saw this as a threat to their land, so they were attacked the U. S. S. Maddox, damaging United States ships. I would consider this as a declaration of war; they were attacked in international waters by a North Vietnamese naval force. Therefore they have a right to repel any armed force that threatened them in international waters, as a tool for defense knowing that the U. We will write a custom essay sample on Gulf of Tonkin or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page S. ships weren’t actually in the Vietnam’s territory (Doc B). The gulf of Tonkin resolution is a formal way of declaring war; President Lyndon B. Johnson used the resolution as congressional authorization for the use of the United States military to intervene in Vietnam and take any necessary orders. The Gulf of Tonkin Resolution specifically said that congress approves and supports the determination of the President, as commander-in-chief, to take all measures necessary to repel any armed attacks against the forces of the United States to prevent further aggression, to take all steps, including the use of armed forces. From those lines, this document basically acted a Declaration of War; he could use any power he wanted to. President Johnson believed that he could take any legal action which was deemed appropriate, hence Johnson sent in 500,000 Troops into South Vietnam to prevent the government from being overthrown. The resolution offered any use of force to keep peace and security between countries and in international waters, the resolution also offered to assist any SEATO member requesting assistance in defense of its freedom, posing that the U. S. had to the right to land troops in Vietnam to defend the nation and obtain its freedom (Doc A). The resolution also stated that the U. S. had the power to expand war efforts in Vietnam if it was necessary and take all steps required. The Gulf of Tonkin resolution posed as a Declaration of War because it gave the president complete power and authorized him to take any steps required to bring peace and security. The Gulf of Tonkin in my opinion is considerable as a formal declaration of war, the resolution gave the president complete power to take any steps necessary, and use of armed forces to prevent further aggression from the opposition. The resolution resembled the Declaration of War, by giving Johnson commanding power and allowing him to proceed and take actions that were applicable.