The energy transfer due to non-linear interactions between the components of a gravity-wave spectrum discussed in Parts 1 and 2 of this paper is evaluated for a fully and partially developed Neumann spectrum with various spreading factors. The characteristic time scales of the energy transfer are found to be typically of the order of a few hours. In all cases the high frequencies and the low-frequency peak are found to gain energy from an intermediate range of frequencies. The transfer of energy to very low frequencies and to waves travelling at large angles to the main propagation direction of the spectrum is negligible. Computations are presented also for the rate of decay of swell interacting with local wind-generated seas (represented by a Neumann spectrum). An appreciable decay is found only for swell frequencies in the same range as those of the local sea.
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