Space junk: Behavioural economics and the prioritisation of solutions

Article

Phillips, Peter J. and Pohl, Gabriela. 2021. "Space junk: Behavioural economics and the prioritisation of solutions." Defence and Peace Economics. 32 (8), pp. 956-971. https://doi.org/10.1080/10242694.2020.1772552
Article Title

Space junk: Behavioural economics and the prioritisation of solutions

ERA Journal ID30484
Article CategoryArticle
AuthorsPhillips, Peter J. (Author) and Pohl, Gabriela (Author)
Journal TitleDefence and Peace Economics
Journal Citation32 (8), pp. 956-971
Number of Pages16
Year2021
Place of PublicationUnited Kingdom
ISSN1024-2694
1476-8267
Digital Object Identifier (DOI)https://doi.org/10.1080/10242694.2020.1772552
Web Address (URL)https://www.tandfonline.com/doi/full/10.1080/10242694.2020.1772552
Abstract

The use and exploration of outer space is, according to the Outer Space Treaty (OST), to be carried out for the benefit and interest of all parties. Outer space is critically important to the defence and national security interests of many nations, none more so than the United States. Over time, a significant space junk problem has emerged. There is growing recognition of this problem and reason to believe that it will only get worse if current activities continue. Space junk presents a threat to the national security interests and economic interests of spacefaring nations. Various solutions are being proposed and developed. This paper presents an economic perspective and, in a particular, a behavioural economics perspective, on the space junk and national security problem. As various potential technological solutions emerge, we are interested in the obstacles that may stand in the way of an optimal prioritisation of the alternatives.

KeywordsSpace Junk; Behavioural Economics; National Security; Intelligence, SIGINT, Signals Intelligence
ANZSRC Field of Research 2020520402. Decision making
440804. Defence studies
380304. Microeconomic theory
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Byline AffiliationsFaculty of Business, Education, Law and Arts
Institution of OriginUniversity of Southern Queensland
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