A Note on Risk Acceptance, Bankruptcy Avoidance and Riskiness Measures

In this work we clarify the relationships between riskiness, risk acceptance and bankruptcy avoidance. We distinguish between the restriction on the current wealth required to make a gamble acceptable to the decision maker and the restriction on the current wealth required to guarantee no bankruptcy if a gamble is accepted. We focus on the measure of riskiness proposed by Foster and Hart.

Market survey of the periwinkle Tympanotonus fuscatus in Rivers State: Sizes, prices, trade routes and exploitation levels

Tympanotonus fuscatus was collected from 23 markets through Rivers State (Nigeria), a few in neighbouring states, and from an unexploited population at Buguma. The size distribution of shells was determined,and information on prices and trade routes was also obtained. The mean shell length of specimens from the unexploited Buguma population was 46.4 mm, compared to 30.4 mm for the Buguma market samples. Mean sizes in other markets showed a geographic pattern: the smallest were from the Adoni-Ogoni-Opobo sector (28.1-30.9); the largest were from the Nembe-Brass sector (37.7-44.2) and Bendel State (35.7-45.6); The results suggest the population structure of Tympanotonus in much of Rivers State has been strongly impacted by overharvesting. They show that local market as well as some in Cross River State, are increasingly being supplied by road with specimens from the Benin River area of Bendel State. Differences between shell types; and relations between shell size, selling price and market distance from source, are also discussed

Identification of West African estuarine shrimp and crab larvae

The paper deals with the decapod crustacean larvae likely to be found in fresh and brackish waters in tropical west Africa. It summarizes results from an ongoing program of describing larvae hatched directly from adults of known species, to provide the identification keys necessary for applied research on nursery grounds, plankton ecology and pollution effects. A preliminary key to stage - 1 larvae is given for approximately 40 species. In includes all the genera, and nearly all the species, known to produce larvae in fresh and low-salinity waters. The common species of higher salinity waters are also included

Aspects of the reproductive biology of Mugil cephalus (Linnaeus, 1857) in Bonny Estuary

Aspects of the reproductive biology of Mugil cephalus in the Bonny estuary (Nigeria) were studied between January and December 1996. Males were observed to be more slender than females while the females have deeper bodies. The male:female ratio (1:0:95) was not significantly different. The minimum size at maturity was 16.6cm (0.5 yr). Fish matured at 24.3cm TL(1.76 yr) with median maturity size of 19.5cm TL(0.71 yr). Median maturity for male and female fish were 16.4cm TL(0.41 yr) and 18.2cm TL(0.60 yr) respectively. Breeding occurred once a year between September and December, from late rainy season to early dry season. Mean absolute fecundity was 1,403, 808 eggs (range 107, 729-4,445, 423 eggs) for fish of 17.0.29.5cm TL (mean 22.5cm TL). Fecundity correlated positively with fish total weight, length, ovary weight and age

Age and growth of Mugil cephalus (Linnaeus, 1758) (Perciformes: Mugilidae) in Bonny Estuary

The age and growth of Mugil cephalus was investigated in Bonny Estuary, Nigeria, from January, 1995 to December, 1996. Length-weight relationships were isometric with length exponents of 2.84 (males), 2.90 (females) and 2.88 (overall). Modal length at age were 12.0cm, 20.9cm, 25.0cm, 28.4cm and 30.2cm TL for ages 0+, 1+, 2+, 3+ and 4+ respectively. Corresponding total weights were 20.01g, 78.93g, 173.12g, 217.61g and 247.50g, respectively. Asymptotic length (Lo) was estimated 33.2cm TL, asymptotic weight (W sub(o)) was 484g, growth coefficient K=0.55847 super(-1) and hypothetical age at zero length To = 0.152yr. Longevity, Tmax, was 5.0yr, length and weight growth performance indices were Q super(1)=2.79 and Q = 1.44, respectively. Total mortality, natural mortality and fishing mortality were z = 1.02yr super(-1), M=0.607yr super(-1) and F=O. 3129yr super(-1), respectively. The exploitation ratio E was 0.4048 and exploitation rate U = 0.2302yr super(-1)

A potential approach to claims problems

Hart and Mas Colell (1989) introduce the potential function for cooperative TU games. In this paper, we extend this approach to claims problems, also known as bankruptcy or rationing problems. We show that for appropriate subproblems, the random arrival rule, the rules in the TAL-family (which include the uniform gains rule, the uniform losses rule and the Talmud rule), the minimal overlap rule, and the proportional rule admit a potential. We also study the balanced contributions property for these rules. By means of a potential, we introduce a generalization of the random arrival rule and mixtures of the minimal overlap rule and the uniform losses rule.

O iusinterativismo e a decisâo judicial iusinterativa para justiça-nas-decisôes: uma abordagem sistêmica

599 p.

Day and night abundance, distribution, and activity patterns of demersal fishes on Heceta Bank, Oregon

Most shallow-dwelling tropical marine fishes exhibit different activity patterns during the day and night but show similar transition behavior among habitat sites despite the dissimilar assemblages of the species. However, changes in species abundance, distribution, and activity patterns have only rarely been examined in temperate deepwater habitats during the day and night, where day-to-night differences in light intensity are extremely slight. Direct-observation surveys were conducted over several depths and habitat types on Heceta Bank, the largest rocky bank off the Oregon coast. Day and night fish community composition, relative density, and activity levels were compared by using videotape footage from a remotely operated vehicle (ROV) operated along paired transects. Habitat-specific abundance and activity were determined for 31 taxa or groups. General patterns observed were similar to shallow temperate day and night studies, with an overall increase in the abundance and activity of fishes during the day than at night, particularly in shallower cobble, boulder, and rock ridge habitats. Smaller schooling rockfishes (Sebastes spp.) were more abundant and active in day than in night transects, and sharpchin (S. zacentrus) and harlequin (S. variegatus) rockfish were significantly more abundant in night transects. Most taxa, however, did not exhibit distinct diurnal or nocturnal activity patterns. Rosethorn rockfish (S. helvomaculatus) and hagfishes (Eptatretus spp.) showed the clearest diurnal and nocturnal activity patterns, respectively. Because day and night distributions and activity patterns in demersal fishes are likely to influence both catchability and observability in bottom trawl and direct-count in situ surveys, the patterns observed in the current study should be considered for survey design and interpretation.

Measurement errors in body size of sea scallops (Placopecten magellanicus) and their effect on stock assessment models

Body-size measurement errors are usually ignored in stock assessments, but may be important when body-size data (e.g., from visual sur veys) are imprecise. We used experiments and models to quantify measurement errors and their effects on assessment models for sea scallops (Placopecten magellanicus). Errors in size data obscured modes from strong year classes and increased frequency and size of the largest and smallest sizes, potentially biasing growth, mortality, and biomass estimates. Modeling techniques for errors in age data proved useful for errors in size data. In terms of a goodness of model fit to the assessment data, it was more important to accommodate variance than bias. Models that accommodated size errors fitted size data substantially better. We recommend experimental quantification of errors along with a modeling approach that accommodates measurement errors because a direct algebraic approach was not robust and because error parameters were diff icult to estimate in our assessment model. The importance of measurement errors depends on many factors and should be evaluated on a case by case basis.

The U.S. Gulf of Mexico Pink Shrimp, Farfantepenaeus duorarum, Fishery: 50 Years of Commercial Catch Statistics

U.S. Gulf of Mexico, pink shrimp, Farfantepenaeus duorarum, catch statistics have been collected by NOAA’s National Marine Fisheries Service, or its predecessor agency, for over 50 years. Recent events, including hurricanes and oil spills within the ecosystem of the fishery, have shown that documentation of these catch data is of primary importance. Fishing effort for this stock has fluctuated over the 50-year period analyzed, ranging from 3,376 to 31,900 days fished, with the most recent years on record, 2008 and 2009, exhibiting declines up to 90% relative to the high levels recorded in the mid 1990’s. Our quantification of F. duorarum landings and catch rates (CPUE) indicates catch have been below the long-term average of about 12 million lb for all of the last 10 years on record. In contrast to catch and effort, catch rates have increased in recent years, with record CPUE levels measured in 2008 and 2009, of 1,340 and 1,144 lb per day fished, respectively. Our regression results revealed catch was dependent upon fishing effort (F=98.48df=1, 48, p<0.001, r2=0.67), (Catch=1,623,378 + (520) × (effort)). High CPUE’s measured indicate stocks were not in decline prior to 2009, despite the decline in catch. The decrease in catch is attributed in large part to low effort levels caused by economical and not biological or habitat related conditions. Future stock assessments using these baseline data will provide further insights and management advice concerning the Gulf of Mexic

Simulation of Tail Weight Distributions in Biological Year 1986–2006 Landings of Brown Shrimp, Farfantepenaeus aztecus, from the Northern Gulf of Mexico Fishery

Size distribution within re- ported landings is an important aspect of northern Gulf of Mexico penaeid shrimp stock assessments. It reflects shrimp population characteristics such as numerical abundance of various sizes, age structure, and vital rates (e.g. recruitment, growth, and mortality), as well as effects of fishing, fishing power, fishing practices, sampling, size-grading, etc. The usual measure of shrimp size in archived landings data is count (C) the number of shrimp tails (abdomen or edible portion) per pound (0.4536 kg). Shrimp are marketed and landings reported in pounds within tail count categories. Statistically, these count categories are count class intervals or bins with upper and lower limits expressed in C. Count categories vary in width, overlap, and frequency of occurrence within the landings. The upper and lower limits of most count class intervals can be transformed to lower and upper limits (respectively) of class intervals expressed in pounds per shrimp tail, w, the reciprocal of C (i.e. w = 1/C). Age based stock assessments have relied on various algorithms to estimate numbers of shrimp from pounds landed within count categories. These algorithms required un- derlying explicit or implicit assumptions about the distribution of C or w. However, no attempts were made to assess the actual distribution of C or w. Therefore, validity of the algorithms and assumptions could not be determined. When different algorithms were applied to landings within the same size categories, they produced different estimates of numbers of shrimp. This paper demonstrates a method of simulating the distribution of w in reported biological year landings of shrimp. We used, as examples, landings of brown shrimp, Farfantepenaeus aztecus, from the northern Gulf of Mexico fishery in biological years 1986–2006. Brown shrimp biological year, Ti, is defined as beginning on 1 May of the same calendar year as Ti and ending on 30 April of the next calendar year, where subscript i is the place marker for biological year. Biological year landings encompass most if not all of the brown shrimp life cycle and life span. Simulated distributions of w reflect all factors influencing sizes of brown shrimp in the landings within a given biological year. Our method does not require a priori assumptions about the parent distributions of w or C, and it takes into account the variability in width, overlap, and frequency of occurrence of count categories within the landings. Simulated biological year distributions of w can be transformed to equivalent distributions of C. Our method may be useful in future testing of previously applied algorithms and development of new estimators based on statistical estimation theory and the underlying distribution of w or C. We also examine some applications of biological year distributions of w, and additional variables derived from them.

Um limite absoluto para o Direito? O princípio do dano e o problema da coação legítima

O princípio do dano, assim como elaborado por John Stuart Mill em On Liberty, é tido como elemento fundamental à afirmação do liberalismo a partir do século XIX e seu desenvolvimento rumo ao século XX. Diante das nascentes democracias européias foi afirmado como um princípio absoluto de proteção à liberdade individual contra a imposição da moralidade pela opinião pública e pelo Estado. Mill partilhava o apreço de Tocqueville pela democracia sem deixar de temer a tirania das maiorias. Inicialmente, investiga-se o lugar do princípio do dano na filosofia política milliana e as fragilidades apontadas por seus críticos. Em um segundo momento, analisa-se sua influência na defesa das liberdades civis na Inglaterra da década de 1950, especificamente com a edição do Relatório Wolfenden que defendeu a descriminalização de práticas homossexuais, bem como o debate que se lhe seguiu sobre os limites do Direito protagonizado por H.L.A. Hart. Na última parte, o objeto do estudo é o princípio do dano agora inserido em uma doutrina liberal-perfeccionista, assim como formulada por Joseph Raz em A Moralidade da Liberdade. O objetivo final é revelar a existência de incoerências internas no princípio do dano, tanto em sua versão original como nas que lhe sucederam, de modo a impedir a fixação de uma espaço imune ao Direito e à imposição da moralidade. No entanto, visto da perspectiva adequada, o fracasso na elaboração de tal princípio deve ser relativizado, eis que no seu devir o princípio do dano serviu à reflexão acerca dos limites da coerção legítima, bem como ao aprimoramento de conceitos relevantes à filosofia política como moralismo legal, paternalismo e perfeccionismo jurídicos.