Original paper
Nonrivalry and the Economics of Data
Abstract
Data is nonrival: a person’s location history, medical records, and driving data can be used by many firms simultaneously. Nonrivalry leads to increasing returns. As a result, there may be social gains to data being used broadly across firms, even in the presence of privacy considerations. Fearing creative destruction, firms may choose to hoard their data, leading to the inefficient use of nonrival data. Giving data property rights to consumers...
Paper Details
Title
Nonrivalry and the Economics of Data
Published Date
Sep 1, 2020
Journal
Volume
110
Issue
9
Pages
2819 - 2858