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Standard-siren cosmology using gravitational waves from binary black holes

Gravitational-wave astronomy provides a unique new way to study the expansion history of the Universe. In this work, we investigate the impact future gravitational-wave observatories will have on cosmology. Third-generation observatories like the Einstein Telescope and Cosmic Explorer will be sensitive to essentially all of the binary black hole coalescence events in the Universe. Recent work by \cite{farr2019future} points out that features in the stellar-mass black hole population break the mass-redshift degeneracy, facilitating precise determination of the Hubble parameter without electromagnetic counterparts or host galaxy catalogues. Using a hierarchical Bayesian inference model, we show that with one year of observations by the Einstein Telescope, the Hubble constant will be measured to $\lesssim 1\%$. We also show that this method can be used to perform Bayesian model selection between cosmological models. As an illustrative example, we find that a decisive statement can be made comparing the $Λ$CDM and RHCT cosmological models using two weeks of data from the Einstein Telescope.