“…Studies using datasets from the 1990s and earlier have typically found that the demand for salmon is elastic (Asche, Bjørndal, and Salvanes 1998;Asche, Bremnes, and Wessells 1999;Asche, Salvanes, and Steen 1997;DeVoretz and Salvanes 1993), whereas a review of the recent literature, using data from the late 1990s to 2010, has reported elasticity values both in the elastic and inelastic ranges; between −0.2 and −1.7 ( For markets in which previous studies have reported elasticities of demand for salmon, we set the elasticity parameter to the mean of the reported values. This process yields the following elasticity values: for the United States, −0.7 (Jones, Wozniak, and Walters 2013;Davis, Lin, and Yen 2007); for the EU mainland, −1.1 (Xie and Myrland 2011); and for Japan, -1.5 (Sakai et al 2009). Markets such as Brazil, Russia, and the ROW have a lower average income than the European Union and Japan, for instance, and it might be expected that the income difference would be reflected in more elastic salmon demand.…”