Hep C medicine has zero utility value for me right now.
And I'm enjoying watching Brooklyn 99 from the beginning right now, because I'd never seen it. My wife is watching series after series on Netflix that are all old.
My daughter is enjoying the entire archive of Disney movies. Snow White is what, 82 years old?
When Incredibles 2 is coming out, you can bet the utility of Incredibles 1 went way up.
That said, I think you're being entirely too specific and literal. It's a bad, clickbait analogy. And? Buy medicine in bulk. Not a huge leap to make.
For a different unique case, such as someone who has Hep C, the utility value for the medicine could literally be everything for the person.
So, if we average the utility value for a whole population, the utility value would actually be pretty high, especially if a lot of people have Hep C.
For me, it has zero value.
For another person, it saves their life, and they would pay literally anything they could.
How do we average that?
My hot take: We can't. Buy medicine in bulk, give it to people for free, progressive taxes to pay for it.
Starting with personal income tax, capital gains, and estate taxes would go a long way.
I think we really need to come up with an International version of the Uniform Commercial Code. And get money out of politics.
Drugs on the other hand have equal utility for their lifetimes (until replaced by something better, which can in some cases take centuries). In fact sometimes a secondary use for a drug is found and its utility goes up.
Entertainment rarely has increasing utility. Even the biggest sleeper hits have a short peak of utility until returning to baseline.
It’s two totally different utility models and I don’t think the cost models are transferable.