Thanks for writing this. It feels like it’s grappling with the right questions.
I think this still doesn’t make for a good primary business model – I think basically each instance of such a contract would need to be very bespoke, and require lots of domain knowledge in a particular domain. (i.e. to solve a medical in-equilibria, you probably need both lawyers who are familiar with the relevant domains and hospital admins and doctors, and this is a lot of specialized personnel who probably wouldn’t also be able to solve Academic Journalism, etc)
The open question (given my current knowledge) is to what degree the lawyers and business angle here would be transferable between domains, which could at least allow some economy of scale.
Offhand, this feels more like the domain of philanthropy than capitalism. It doesn’t seem like it’d scale well, so it’d require someone who just Really Cares A Lot about fixing these problems to sink a lot of resources into it. (Alternately, you might have a firm where this isn’t there primary business model, but they specialize in a lot of institutional deals, more generally, and then they subsidize Solving In-Equilibrias when they find a good opportunity)
Obviously I defer to lawyers who have a clearer idea of what range of expertise would be transferable here.
Thanks for writing this. It feels like it’s grappling with the right questions.
I think this still doesn’t make for a good primary business model – I think basically each instance of such a contract would need to be very bespoke, and require lots of domain knowledge in a particular domain. (i.e. to solve a medical in-equilibria, you probably need both lawyers who are familiar with the relevant domains and hospital admins and doctors, and this is a lot of specialized personnel who probably wouldn’t also be able to solve Academic Journalism, etc)
The open question (given my current knowledge) is to what degree the lawyers and business angle here would be transferable between domains, which could at least allow some economy of scale.
Offhand, this feels more like the domain of philanthropy than capitalism. It doesn’t seem like it’d scale well, so it’d require someone who just Really Cares A Lot about fixing these problems to sink a lot of resources into it. (Alternately, you might have a firm where this isn’t there primary business model, but they specialize in a lot of institutional deals, more generally, and then they subsidize Solving In-Equilibrias when they find a good opportunity)
Obviously I defer to lawyers who have a clearer idea of what range of expertise would be transferable here.