The Economics and Implications of Data

Carrière‐Swallow, Yan; Haksar, Vikram

doi:10.5089/9781513511436.087

Cited by 27 publications

(19 citation statements)

References 21 publications

(36 reference statements)

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“…The overuse of data would likely be less of a problem if there is better clarity concerning the control and access rights over data (Carriere-Swallow & Haksar, 2019). Unclear allocation of data ownership-contributing to the opacity of the data market-prevents data subjects from asserting sufficient control over how their data are being used, which in turn allows firms a great deal of latitude in deciding how to make use of the data they collect.…”

Section: Iii1 Power Asymmetry Between Firms and Data Subjectsmentioning

confidence: 99%

Economic Properties of Data and the Monopolistic Tendencies of Data Economy: Policies to Limit an Orwellian Possibility

Cheng

2020

UN Department of Economic and Social Affairs (DESA) Working Papers

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The potential of data for supporting development is bounded only by the amount and variety of data that can be collected and analyzed, which is to say it is almost infinite. However, if data's vast benefits are disproportionately captured by few in the society, leaving no one behind-an overarching principle of the Sustainable Development Goals-would be difficult to attain, even when everyone benefits from the use of data. This paper discusses key data properties and dynamics in data economy that create the tendencies for monopolies to emerge, reinforcing unbalanced power between corporates and other actors and generating negative distributional implications. If mismanaged, transformation toward the data economy could end up being an unequalizing force in an already highly-unequal world. In the context of data economy, this paper presents critiques of the common approaches to deal with monopolies. Self-correction in market is unlikely to happen fast enough but breaking up or nationalizing data monopolies are undesirable from effectiveness and innovation perspectives. Strengthening data ownership is key to rebalancing the power asymmetry between corporates and digital subjects, but difficulty of data valuation needs to be overcome. Analyses in this paper support further exploring the idea of setting up an independent, accountable and forward-looking Digital Authority that has both competition and noncompetition goals.

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Section: Iii1 Power Asymmetry Between Firms and Data Subjectsmentioning

confidence: 99%

Economic Properties of Data and the Monopolistic Tendencies of Data Economy: Policies to Limit an Orwellian Possibility

Cheng

2020

UN Department of Economic and Social Affairs (DESA) Working Papers

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“…V. DISCUSSION: SURVEILLANCE CAPITALISM AS A TECHNO-ECONOMIC PARADIGM IMF has published one of the few studies on the macroeconomic impact of big data (Carrière-Swallow & Haksar, 2019). Their study focuses on the financial sector, but their conclusions relate to the total economy.…”

Section: Mainmentioning

confidence: 99%

Surveillance capitalism - a new techno-economic paradigm?

Falch

2020

2020 13th CMI Conference on Cybersecurity and Privacy (CMI) - Digital Transformation - Potentials and Challenges(51275)

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“…Carrière-Swallow and Haksar (2019) provides a comprehensive summary of the literature on the economics of data from a public policy perspective. Another recent review is provided byVeldkamp and Chung (2019).©International Monetary Fund.…”

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confidence: 99%