The (Unfulfilled) Potential of Data Marketplaces

Pantelis Koutroumpis, Aija Leiponen and Llewellyn D W Thomas

No 53, ETLA Working Papers from The Research Institute of the Finnish Economy

Abstract: Abstract Although industrial datasets are abundant and growing daily, 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 protection and quality concerns. We consider the requirements for data marketplaces, comparing existing data marketplaces against standard market design metrics and outline both centralized and decentralized multilateral designs. We assess the benefits and potential operational features of emerging multilateral designs. We conclude with future research directions.

Keywords: Data marketplaces; Data trading; Market design (search for similar items in EconPapers)
JEL-codes: D47 D82 K12 L14 O34 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2017-09-29
New Economics Papers: this item is included in nep-big
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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