Space Resources, Common Property, and the Collective Action Problem
17 Pages Posted: 5 Nov 2007
The subjects of lunar mining, asteroidal resource extraction, and orbital solar power are again attracting considerable attention, leading to more discussion of space property rights regimes. This article discusses both private-property regimes and centralized regulatory regimes of the sort envisioned by the 1979 Moon Treaty, and also notes that private property regimes may actually be both more productive of wealth and more beneficial for the space environment than centralized regulatory schemes.
Keywords: space law, property, moon treaty, collective action, Reynolds, Merges
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