Planetary Conjunction: Economics, Politics, and Partnering In Space
AIR UNIV MAXWELL AFB AL SCHOOL OF ADVANCED AIR AND SPACE STUDIES
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This study investigates the utility of engaging in strategic space partnerships to gain an understanding of why the United States may, or may not, benefit from such cooperation. It begins with laying the foundation for the theoretical approach. In doing such, it discusses concepts of international relations theory, economic theory, and principal-agent theory. Specifically, realism, liberalism, and constructivism are used to describe behavior of states. Also, the following six economic principles are applied to state behavior opportunity cost, expected marginal costs and benefits, substitution, diminishing marginal returns, asymmetric information and hidden characteristics, and hidden actions and incentive alignments. Given these tools, the investigation continues using the European Space Agency as evidence and seeks answers to two questions Does strategic partnering in space benefit the United States Does it benefit America s strategic partners The study then proceeds with recommendations for the United States to posture itself in a position of continuous advantage in the space realm. Finally, the investigation culminates with a conclusion and recommended areas for further study.
- Government and Political Science