Global markets and the commons: the role of imports in the US wild-caught shrimp market

Abstract The commons literature focuses heavily on rules and the behavior of resource users but places less emphasis returns to individual effort. However, for most settings, market conditions associated prices are key drivers exploitation In a globalized world, import competition can strongly influence incentives users, topic largely unexplored in literature. Import is especially salient seafood, one internationally traded food groups. We analyze US shrimp market, which was once dominated by domestic catches now mostly supplied imports. For producers (users commons), lower revenues result, while consumers eat more at prices. Globalization changed sources price risk compensation that face altered exploit commons. supply shocks, response shock moderates effect revenue imports, shocks buffered adjustments, movements determined global shocks. Despite losses fishery, globalization creates new coordinate effort capture premiums market.