# Better value capture mechanisms [[Current value capture mechanisms are crude]] so people have suggested many alternatives. People have suggested many ideas: * Even with current laws, [[Value capture does not always need to happen through IP]] - people could couple non-exclusive licensing with consulting. * Better IP mechanisms that don’t depend on monopolies or have shorter monopoly periods or in which the state buys out the IP. [[Radical Markets]] could be seen as an extreme version of this, where every piece of IP has to be “rebought” by its creator at a market-set price. * Something resembling income-share agreements with promising scientists is a version of this suggested by [[Laura Deming]]. * The crypto people ambiently talk about ‘research on the blockchain’ where you can track every idea that eventually goes into a product back to its originator and reward them. * Prizes * [[Prizes as an alternative to patents - Wikipedia]] * [[Prizes, not patents]] Better value capture mechanisms are the same as better ways to price positive externalities ( [[Heuretic generation has a lot of positive externalities]]!) and the mirror of better ways to price negative externalities. ### Related * [[Market failures are coupled to externalities]] * [[Technology increases the number of externalities in the world]] * [[A technology company is a package of human capital and IP]] <!-- #evergreen --> [Web URL for this note](http://notes.benjaminreinhardt.com/Better+value+capture+mechanisms) [Comment on this note](http://via.hypothes.is/http://notes.benjaminreinhardt.com/Better+value+capture+mechanisms)