New Nobel winner Michael Kremer has proposed that we auction off all patents. 10% of time winner gets it, 90% govt pays that price & destroys it, so all can use that innovation. Prior owner gets the $. Do you support this proposal? https://marginalrevolution.com/marginalrevolution/2019/10/the-nobel-prize-in-economic-science-goes-to-banerjee-duflo-and-kremer.html …
Wouldn't it make more sense to have a mandatory licensing provision at some royalty of X% of price?