Outer Space Auctions?

Annals of Air and Space Law (forthcoming)

23 Pages Posted: 13 May 2023 Last revised: 30 Nov 2023

See all articles by F. E. Guerra-Pujol

F. E. Guerra-Pujol

Pontifical Catholic University of Puerto Rico; University of Central Florida

Date Written: May 13, 2023

Abstract

Are there are too many satellites in Low-Earth orbit or too few? Also, who decides what is the optimal number of satellites in outer space? This article contributes to the literature on outer space governance by presenting a market or Coasian solution to the problem of space congestion and orbital debris in Low Earth Orbit. By allocating the legal right to specific orbits using auctions, market forces would not only generate revenue for the fisc; they would also require private companies to internalize the potential harmful effects of their actions in outer space.

Keywords: Space congestion, orbital debris, tragedy of the commons, legal failure, launch auctions, orbit auctions

JEL Classification: D44, D45, K11, K29, K33

Suggested Citation

Guerra-Pujol, F. E., Outer Space Auctions? (May 13, 2023). Annals of Air and Space Law (forthcoming), Available at SSRN: https://ssrn.com/abstract=4447205 or http://dx.doi.org/10.2139/ssrn.4447205

F. E. Guerra-Pujol (Contact Author)

Pontifical Catholic University of Puerto Rico ( email )

University of Central Florida ( email )

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