Space Resources, Common Property, and the Collective Action Problem
Author(s): Robert P. Merges
Abstract: 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: pace law, property, moon treaty, collective action