Markets for data

Pantelis Koutroumpis, Aija Leiponen and Llewellyn D W Thomas

Industrial and Corporate Change, 2020, vol. 29, issue 3, 645-660

Abstract: Although datasets are abundant and assumed to be immensely valuable, they are not being shared or traded openly and transparently on a large scale. We investigate the nature of data trading with a conceptual market design approach and demonstrate the importance of provenance to overcome appropriability and quality concerns. We consider the requirements for efficient data exchange, comparing existing trading arrangements against efficient market models and show that it is possible to achieve either large markets with little control or small markets with greater control. We describe some future research directions.

JEL-codes: D47 O33 O34 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (5)

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