This paper starts with some basic economic characteristics of data that distinguish them from ordinary goods and services, including non-excludability and non-rivalry, economies of scope in data re-use and aggregation, the social value of data and their role in generating network effects. It...

We present a novel generic theoretical framework to analyze the incentives agents have to engage in n-way data sharing or 'data pooling' and the factors affecting those incentives. Based on the results obtained, we provide policy recommendations aimed at fostering health data pooling. Section 1...

Recent literature has shown that the existence of supply and demand-side non-generic complementarities ("demand-side linkages") within ecosystems raises questions about the pertinence of defining a single relevant market comprising substitute products ("substitutability approach"). However,...

Economies of scale in data aggregation is a widely accepted concept. It refers to improved prediction accuracy when the number of observations on variables in a dataset increases. By contrast, economies of scope in data is more ambiguous. The classic economic interpretation refers to cost...

We study the case of a Chinese industrial policy, implemented in Shanghai, that makes it mandatory for car manufacturers to share electro-mechanical performance and real time navigation data from their entire fleet of electric and hybrid vehicles with local and central government authorities....

This paper presents a legal and economic analysis of business-to-business (B2B) data markets. It starts from the economic characteristics of data and explores to what extent private B2B data markets result in a socially optimal degree of data sharing, or whether there are market failures in data...

Several studies have examined the market value of paid-for internet services and internet access. This paper estimates the value of leisure time spent online for which the consumer pays no monetary price and which has become increasingly important as a leisure activity. We apply a methodology...

It is often assumed that consumers benefit from the internet because it offers a "long tail" with more variety of products to choose from. However, search costs may block the long tail effect and result in the dominance of superstars. This paper examines the variety hypothesis in the entire...