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来源类型Working Paper
规范类型报告
DOI10.3386/w26260
来源IDWorking Paper 26260
Nonrivalry and the Economics of Data
Charles I. Jones; Christopher Tonetti
发表日期2019-09-16
出版年2019
语种英语
摘要Data is nonrival: a person’s location history, medical records, and driving data can be used by any number of firms simultaneously. Nonrivalry leads to increasing returns and implies an important role for market structure and property rights. Who should own data? What restrictions should apply to the use of data? We show that in equilibrium, firms may not adequately respect the privacy of consumers. But nonrivalry leads to other consequences that are less obvious. Because of nonrivalry, there may be large social gains to data being used broadly across firms, even in the presence of privacy considerations. Fearing creative destruction, firms may choose to hoard data they own, leading to the inefficient use of nonrival data. Instead, giving the data property rights to consumers can generate allocations that are close to optimal. Consumers balance their concerns for privacy against the economic gains that come from selling data to all interested parties.
主题Macroeconomics ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w26260
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583933
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Charles I. Jones,Christopher Tonetti. Nonrivalry and the Economics of Data. 2019.
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