Abstract
Data is the new oil. It is the fuel for AI, a firm asset, a strategic advantage, information for prediction, a productivity booster, a privacy concern, a by-product of transactions, and a means of payment. How can we update traditional economic and finance frameworks to include a role for data and use these updated frameworks to measures it economic impact?
Full Citation
Baley, Isaac and Laura Veldkamp.
The Data Economy: Tools and Applications. Princeton, NJ:
Princeton University Press,
Forthcoming.