[[{“value”:”One alternative approach, I’ve argued, would be to establish a framework to enable individuals and groups to acquire time-limited conditional legal property rights to plots of spaceland, on a Georgist-inspired market system (Lowe, 2022a, 2022b). On my approach, competitors would keep the full profit they made from the permissible use of their plots but competition
The post How to allocate space rights? appeared first on Marginal REVOLUTION.”}]]
One alternative approach, I’ve argued, would be to establish a framework to enable individuals and groups to acquire time-limited conditional legal property rights to plots of spaceland, on a Georgist-inspired market system (Lowe, 2022a, 2022b). On my approach, competitors would keep the full profit they made from the permissible use of their plots but competition for the temporary ownership of these plots would consist in paying ‘rent’, the rate of which would vary depending on supply and demand, and would be partially rebated in relation to the meeting of various conditions inspired by the Lockean property provisos of ‘enough and as good’ (e.g. if the use of spaceland contributed to poverty alleviation) and ‘spoilage’ (e.g. if the use of spaceland contributed to conservation efforts). This rent would be paid into a fund administered to enable an increasing number of individuals and groups to compete for plots, through investment in space innovation.
That is from a new article by Rebecca Lowe, on the economic value of space. The citations are:
Lowe, R. (2022a). Space Invaders: Property Rights on the Moon. Adam Smith Institute. https://www.adamsmith.
org/research/space-invaders
Lowe, R. (2022b). Space is an opportunity to rethink property rights. Reason, December, https://reason.com/
2022/11/15/space-is-an-opportunity-to-rethink-property-rights/
The post How to allocate space rights? appeared first on Marginal REVOLUTION.
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