Estimating turnover rates (and fee rates)

The mathematically optimal PCO fee/tax rate is equal to the % chances that a licensor who values an asset higher than the current licensor (i.e. they can put it to a higher productive use) in a given period. Determining that % is hard. PCO markets, like traditional markets, are dynamic/interactive. Solving this problem on-chain and/or with trust minimization adds another wrinkle to the challenge.