TY  - BOOK
AU  - Baley,Isaac
AU  - Veldkamp,Laura L.
TI  - The Data Economy: Tools and Applications 
SN  - 9780691256740
PY  - 2025///]
CY  - Princeton, NJ
PB  - Princeton University Press, 
KW  - COMPUTERS / Computer Science
KW  - bisacsh
KW  - BUSINESS & ECONOMICS / Economics / Theory
KW  - BUSINESS & ECONOMICS / Economics / Macroeconomics
KW  - SOCIAL SCIENCE / General
KW  - Firm
KW  - Price
KW  - Signal
KW  - Agents
KW  - Market
KW  - Asset
KW  - Customers
KW  - Variance
KW  - Investors
KW  - Product
KW  - Platform
KW  - Precision
KW  - Optimal
KW  - Noise
KW  - Production
KW  - Shocks
KW  - Variable
KW  - Capital
KW  - Prior
KW  - Payoffs
KW  - Economy
KW  - Forecast
KW  - Equilibrium
KW  - Goods
KW  - Function
KW  - Labor
KW  - Posterior
KW  - Linear
KW  - Economic
KW  - Vector
KW  - Marginal
KW  - Covariance
KW  - Quality
KW  - Output
KW  - Power
KW  - Financial
KW  - Technology
KW  - Zero
KW  - Law
KW  - Unit
KW  - Data firm
KW  - Stock
KW  - Probability
KW  - Knowledge
KW  - Rational
KW  - Consumers
KW  - Solution
KW  - Matrix
KW  - Portfolio
KW  - Distribution
KW  - Tools
KW  - Increase
KW  - Privacy
KW  - Component
KW  - Digital
KW  - Bayes
KW  - advertising
KW  - AI economics
KW  - Bayesian learning
KW  - Big data
KW  - Data
KW  - data assets
KW  - data competition
KW  - data feedback loop
KW  - data markets
KW  - data reagulation
KW  - Data revolution
KW  - digital assets
KW  - digital economics
KW  - e-capital
N1  - Frontmatter --; CONTENTS --; List of Figures --; Acknowledgments --; 1 The Data Economy --; 2 Statistical Tools --; 3 Data Sources --; 4 Data-Driven Predictions and Aggregate Outcomes --; 5 Using Data in Strategic Settings --; 6 Using Data to Guide Investment --; 7 Data and Market Power --; 8 Data Markets and Data Platforms --; 9 Data in Production and the Data Feedback Loop --; 10 Data Measurement and Valuation --; 11 Data Policy and Welfare --; Conclusion --; A Mathematical Appendix --; References --; Index; restricted access
N2  - Tools from macroeconomics and finance to incorporate the central role that data plays in the economyThe most valuable firms in the global economy are valued largely for their data. Amazon, Apple, Google, and others have proven the competitive advantage of a good data set. And yet despite the growing importance of data as a strategic asset, modern economic theory neglects its role. In this book, Isaac Baley and Laura Veldkamp draw on a range of theoretical frameworks at the research frontier in macroeconomics and finance to model and measure data economies. Starting from the premise that data is digitized information that facilitates prediction and reduces uncertainty, Baley and Veldkamp uncover the ways that firm-level data choices resonate throughout the broader macroeconomic and financial landscapes.With The Data Economy, Baley and Veldkamp put forward a broad research agenda with a formal yet accessible approach, offering an analysis of the data economy and its welfare effects that will be of interest to practitioners, researchers, and graduate students. The tools presented, many of them information-related methods from macroeconomics and finance, are theoretical but introduced with careful attention to how they can inform or enable measurement. Applications include assessing the economic worth of data and unraveling its influence on the structure of production, inflation, and pricing dynamics; firm and investor behavior; advertising; market power; and asset pricing. Baley and Veldkamp bring readers to the cutting edge of this novel research area, equipping them to formulate their own theoretical advances and policy analysis
UR  - https://www.degruyterbrill.com/isbn/9780691256740
UR  - https://www.degruyterbrill.com/document/cover/isbn/9780691256740/original
ER  -