Policy proposals from the White Queen. (It’s a Lewis Carroll reference. No, I’m not talking about the Mad Hatter or the Red Queen. It’s from “Through the Looking Glass”.)
Streaming a'la'cart: A simple service that charges you a monthly flat fee, say $100. You can watch any show you want from any platform. The service tracks what you watch and divides the fee up in proportion to your viewing on various platforms. This not only would return something like ratings to platforms (shows that get eyeballs get you paid) but I think better align incentives
COST applied to new drugs: I would apply the first idea to pharma companies. They would set a reserve price for their patent monopoly each year and pay a tax on that price. If the gov't wants, it can shorten the monopoly by paying them the price at any time. I'd consider adding a 'buy my own' option. If a price was set at $1B because a drug seemed ho-hum but suddenly it showed unexpected promise for other lines of therapy, the company could pay the gov't their reserve price for the right to reset their price partially thru a year. I'd also allow private groups, charities or insurance companies the right to pay the price to trigger early generics on an expensive drug.
Let me up the game a bit. I’d revise copyright as well. Right now it’s life of the author plus ten years I believe.
I’d say hitting $1b in revenue would reduce that to ten years. Star Wars, Trek, Harry Potter etc would all be public domain like Sherlock Holmes is today.
Some modest market ideas I have:
Streaming a'la'cart: A simple service that charges you a monthly flat fee, say $100. You can watch any show you want from any platform. The service tracks what you watch and divides the fee up in proportion to your viewing on various platforms. This not only would return something like ratings to platforms (shows that get eyeballs get you paid) but I think better align incentives
COST applied to new drugs: I would apply the first idea to pharma companies. They would set a reserve price for their patent monopoly each year and pay a tax on that price. If the gov't wants, it can shorten the monopoly by paying them the price at any time. I'd consider adding a 'buy my own' option. If a price was set at $1B because a drug seemed ho-hum but suddenly it showed unexpected promise for other lines of therapy, the company could pay the gov't their reserve price for the right to reset their price partially thru a year. I'd also allow private groups, charities or insurance companies the right to pay the price to trigger early generics on an expensive drug.
I think COST applied to patents is the very best use case. And I would definitely support that application.
Let me up the game a bit. I’d revise copyright as well. Right now it’s life of the author plus ten years I believe.
I’d say hitting $1b in revenue would reduce that to ten years. Star Wars, Trek, Harry Potter etc would all be public domain like Sherlock Holmes is today.