We consider the energy transfer equation for well-developed ocean waves under the influence of wind, and study the conditions for the existence of an equilibrium solution in which wind input, wave-wave interaction and dissipation balance each other. For the wind input we take the parameterization proposed by Snyder and others, which was based on their measurements in the Bight of Abaco and which agrees with Miles's theory. The wave-wave interaction is computed with an algorithm given recently by S. Hasselmann and others. The dissipation is less well-known, but we will make the general assumption that it is quasi-linear in the wave spectrum with a factor coefficient depending only on frequency and integral spectral parameters. In the first part of this paper we investigate whether the assumption that the equilibrium spectrum exits and is given by the Pierson-Moskowitz spectrum with a standard type of angular distribution leads to a reasonable dissipation function. We find that this is not the case... Abstract We consider the energy transfer equation for well-developed ocean waves under the influence of wind, and study the conditions for the existence of an equilibrium solution in which wind input, wave-wave interaction and dissipation balance each other. For the wind input we take the parameterization proposed by Snyder and others, which was based on their measurements in the Bight of Abaco and which agrees with Miles's theory. The wave-wave interaction is computed with an algorithm given recently by S. Hasselmann and others. The dissipation is less well-known, but we will make the general assumption that it is quasi-linear in the wave spectrum with a factor coefficient depending only on frequency and integral spectral parameters. In the first part of this paper we investigate whether the assumption that the equilibrium spectrum exits and is given by the Pierson-Moskowitz spectrum with a standard type of angular distribution leads to a reasonable dissipation function. We find that this is not the case...