This chapter explores the economics of data markets and links this to market power in online platforms. It describes the basic economic characteristics of data and explores data-driven market failures, including monopolistic markets, externalities, information asymmetries and missing markets. It...

Some private firms collect data which could greatly improve the capacity of governments to take better policy decisions and to increase social welfare. Business-to-Government (B2G) data sharing can result in substantial benefits for society and save costs to governments. The current volume of...

Digitization triggered a steep drop in the cost of information. The resulting data glut created a bottleneck because human cognitive capacity is unable to cope with large amounts of information. Artificial intelligence and machine learning (AI/ML) triggered a similar drop in the cost of...

This paper explores new data sources on multi-lateral trade in films among EU countries and with the US in offline cinema and in online video-on-demand (VoD) distribution. We observe variations in trade patterns across countries and films and explore how they affect cultural diversity. We find...

There is a long-standing economic research literature on the impact of technological innovation and automation in general on employment and economic growth. Traditional economic models trade off a negative displacement or substitution effect against a positive complementarity effect on...

This paper presents an innovative database of domestic and bilateral online services trade between 39 countries, including the US, the EU and some emerging market economies. It combines monetized and “free” online services in a single measure based on the volume of page views on websites of...

This study compares the film catalogues among the 11 Netflix country stores in the EU that provide film streaming services to consumers on the basis of a subscription (SVOD) business model. We estimate cross-border availability of films in Netflix in the EU at 31%, somewhat lower than the 40%...

Prior to the arrival of digital car data, car manufacturers had already partly foreclosed the maintenance market via franchising contracts with a network of exclusive official dealers. EU regulation endorsed this foreclosure but mandated access to maintenance data for independent service...

This report selectively draws on the systematic review of a large set of data sources, which is presented elsewhere, and comprises 430 secondary sources. The report also provides a critical overview of key analytical, empirical, and normative dimensions of the ‘sharing economy'. It reviews...