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Proceedings of the Workshop - United Nations Office for Outer ...

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Implication <strong>of</strong> <strong>the</strong> property rights in <strong>the</strong>commercial space activities Market <strong>for</strong>mation• The value <strong>of</strong> <strong>the</strong> GSO comes from its scarcity.• There exist incentives <strong>for</strong> exclusive right to use. En<strong>for</strong>cing <strong>the</strong> right to use <strong>the</strong> GSO is feasible within <strong>the</strong>context <strong>of</strong> <strong>the</strong> ITU regulations and domestics rules.• The en<strong>for</strong>cement cost is accommodated such that property rightcan be set up.• It’s mainly because legal institution is ensured by <strong>the</strong> ITU rulesand domestic rules, such as dispute resolution mechanism. In <strong>the</strong> case <strong>of</strong> commercial activities using <strong>the</strong> essentialfeature <strong>of</strong> <strong>the</strong> outer space, domestic rules, especiallybelonging to private sector, assure <strong>the</strong> property rights andincentives.

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