I doubt that there is any one answer re the marginal value of such projects, because the value depends on what is being governed. For instance, I think a successful implementation of regulatory markets for AI safety would be very valuable, but regulatory markets for corporate law wouldn’t be; yet the same basic framework is being implemented.
For this reason, I’d be more interested in analysis of governance innovation for a particular cause area.
I doubt that there is any one answer re the marginal value of such projects, because the value depends on what is being governed. For instance, I think a successful implementation of regulatory markets for AI safety would be very valuable, but regulatory markets for corporate law wouldn’t be; yet the same basic framework is being implemented.
For this reason, I’d be more interested in analysis of governance innovation for a particular cause area.