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%Information to be included in the title page:
\title{Using SEEA EA in valuing fisheries: Deriving Exchange Values for the Nearshore Fisheries of the Main Hawaiian Island }
\subtitle{Response by: Alex Gebben}
\date{2024}
\begin{document}
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\frame{\titlepage}
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\begin{frame}
\frametitle{Methods}
	System of Environmental Economic Accounting
	\begin{itemize}
				\item{Catch area}
				\item{Species}
				\item{Market price}
				\item{Catch rate}
				\item{Regional probability of fish being caught}
				\item{NPV of harvest}
		\end{itemize}
\end{frame}
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\begin{frame}
\frametitle{Results}
Regional distribution of direct economic value of from ecological system.
\newline
\newline

	Total yearly average value of \$3.1 million dollars between commercial (\$2.5 million) and recreational fishing.
	\newline
\newline

	Detailed septation of species, location and time.

\end{frame}
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\begin{frame}
\frametitle{Importance}
	\begin{itemize}
		\item{First analysis providing a monetary value to a critical ecosystem}
		\item{Provides policy makers with a tool for cost benefit analysis of ecological policy} 
		\item{Contribution to natural resource, renewable resource, and fishery economics}
	\end{itemize}

\end{frame}

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\begin{frame}
\frametitle{Suggestions}
	\only<1-2>{Consider comparing the current exchange value to a theoretical ideal harvest rate. A steady state Hamiltonian can be used to estimate an ideal catch rate. 
		
\onslide<2>{	\begin{itemize}
		\item{What would the steady state fish harvest be if economically efficient?}
		\item{Does the open access commercial fishing license lead to a tragedy of the commons?}
		\item{Are there technological limit's in place?}
		\item{Crab harvest seasons have been found to suppress price, and increase effort}
	\end{itemize}}
	}
	\only<3-4>{Consider accounting for labor hours in operating cost
	\onslide<4>{
	\begin{itemize}
		\item{When the resources are open access the added cost of time, brings total profits to zero.}
		\item{Ricardian rents of the fishery are of interest.}
	\end{itemize}
	}
	}
\only<5->{	
What other habitat value might be measured?
	\onslide<6>{
	\begin{itemize}
		\item{Fishing guided trips}
		\item{Revealed preference through travel distance, to fish in Hawaii}
		\item{Money multiplier model, IMPLAN}
	\end{itemize}}
}
	

\end{frame}
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\begin{frame}
\frametitle{Minor Points}
	\begin{itemize}
		\item{The weighted average price equation does not include time. Fish price can be seasonal}
		\item{It is not clear what discount rate \(r_{t}\) was selected}
		\item{Consider adjusting to 2024 dollars instead of 2022}
		\item{I would enjoy seeing how the map changes over time}
	\end{itemize}
\end{frame}
\begin{frame}
	\huge Conclusion
\end{frame}

\end{document}
