“…1 Aplications to seafood data includes Gordon, Salvanes and Atkins (1993), Bose and McIlgrom (1996), Gordon and Hannesson (1996), Asche, Salvanes and Steen (1997) Asche and Sebulonsen (1998), Asche, Bremnes and Wessells (1999), Clayton and Gordon (1999), Asche (2001), Asche and Guttormsen (2001), Jaffry et al (2001) and Asche, Gordon and Hannesson (2002), .…”