Perhaps this is covered in one of your previous posts that I haven't had a chance to read yet, but the example of the antibiotic shows how complicated this can be. The current system does NOT reward the creator of a new antibiotic drug well, because when trying to maximize social value we want to have those developed, but then keep them on the shelf as long as possible so those too don't develop resistance. How do you value that? The present value even of something with immense social value, won't be worth all that much in the market if it mostly won't be used for 20 years.
Another thought, present value is largely determined by the discount rate, which is firm dependent. Bigger companies will typically have a lower cost of capital than startups. Seems like your proposal would naturally push all new IP to larger firms?
Having humans vote on which ideas are to be rewarded would be a good thing.
Corporate controlled AI could easily overwhelm your process to basically have 90% rubbish that gets offered and paid for by the people if done by lot.
Interesting ideas at any rate. In a way it would shift underutilised ideas into the public domain.
I would say a intermediate step might be to have the state purchase idle patents that have commercial value and provide them to their OWN countries citizens at no cost to improve competitiveness. This could work with the existing system and chip away at the squatting and waste.
Perhaps this is covered in one of your previous posts that I haven't had a chance to read yet, but the example of the antibiotic shows how complicated this can be. The current system does NOT reward the creator of a new antibiotic drug well, because when trying to maximize social value we want to have those developed, but then keep them on the shelf as long as possible so those too don't develop resistance. How do you value that? The present value even of something with immense social value, won't be worth all that much in the market if it mostly won't be used for 20 years.
Another thought, present value is largely determined by the discount rate, which is firm dependent. Bigger companies will typically have a lower cost of capital than startups. Seems like your proposal would naturally push all new IP to larger firms?
Having humans vote on which ideas are to be rewarded would be a good thing.
Corporate controlled AI could easily overwhelm your process to basically have 90% rubbish that gets offered and paid for by the people if done by lot.
Interesting ideas at any rate. In a way it would shift underutilised ideas into the public domain.
I would say a intermediate step might be to have the state purchase idle patents that have commercial value and provide them to their OWN countries citizens at no cost to improve competitiveness. This could work with the existing system and chip away at the squatting and waste.