I just posted to SSRN a revised and corrected version of my paper “Outer Space Auctions?“, which will be published in the next issue of The Annals of Air and Space Law. Among other things, my new work explains why low Earth orbit is becoming a tragedy of the commons — but don’t just take my word for it, see also here, here, here, or here. In addition, my paper proposes an alternative method (launch and orbit auctions) for allocating the legal right to specific orbits in outer space and concludes with an homage to the late English economist Ronald Coase (pictured below).