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008 260303s2025 nju fo d z eng d
020 _a9780691256740
024 7 _a10.1515/9780691256740
_2doi
035 _a(DE-B1597)BR1309645
035 _z(OCoLC)1446297614
040 _aDE-B1597
_beng
_cDE-B1597
_erda
041 0 _aeng
044 _anju
_cUS-NJ
072 7 _aCOM
_x014000
_2bisacsh
072 7 _aBUS
_x069030
_2bisacsh
072 7 _aBUS
_x039000
_2bisacsh
072 7 _aSOC
_x000000
_2bisacsh
100 1 _aBaley, Isaac,
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 0 0 _aThe Data Economy :
_bTools and Applications /
_cIsaac Baley, Laura L. Veldkamp.
264 1 _aPrinceton, NJ
_bPrinceton University Press,
_c[2025]
264 4 _c©2025
300 _a1 online resource
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tCONTENTS --
_tList of Figures --
_tAcknowledgments --
_t1 The Data Economy --
_t2 Statistical Tools --
_t3 Data Sources --
_t4 Data-Driven Predictions and Aggregate Outcomes --
_t5 Using Data in Strategic Settings --
_t6 Using Data to Guide Investment --
_t7 Data and Market Power --
_t8 Data Markets and Data Platforms --
_t9 Data in Production and the Data Feedback Loop --
_t10 Data Measurement and Valuation --
_t11 Data Policy and Welfare --
_tConclusion --
_tA Mathematical Appendix --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aTools 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.
538 _aMode of access: Internet via World Wide Web.
545 _aIsaac Baley is associate professor of economics at Universitat Pompeu Fabra, associate researcher at the Centre de Recerca en Economia Internacional, and affiliated professor at the Barcelona School of Economics. He is a former economic advisor to the Mexican Ministries of Economics and Finance. Laura Veldkamp is the Cooperman Professor of Economics and Finance at Columbia University's Graduate School of Business. She is the author of Information Choice in Macroeconomics and Finance (Princeton), a former editor of the Journal of Economic Theory, and a member of the American Finance Association's board of directors.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed March 03 2026)
650 7 _aCOMPUTERS / Computer Science.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / Economics / Theory.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / Economics / Macroeconomics.
_2bisacsh
650 7 _aSOCIAL SCIENCE / General.
_2bisacsh
653 0 _aFirm
653 0 _aPrice
653 0 _aSignal
653 0 _aAgents
653 0 _aMarket
653 0 _aAsset
653 0 _aCustomers
653 0 _aVariance
653 0 _aInvestors
653 0 _aProduct
653 0 _aPlatform
653 0 _aPrecision
653 0 _aOptimal
653 0 _aNoise
653 0 _aProduction
653 0 _aShocks
653 0 _aVariable
653 0 _aCapital
653 0 _aPrior
653 0 _aPayoffs
653 0 _aEconomy
653 0 _aForecast
653 0 _aEquilibrium
653 0 _aGoods
653 0 _aFunction
653 0 _aLabor
653 0 _aPosterior
653 0 _aLinear
653 0 _aEconomic
653 0 _aVector
653 0 _aMarginal
653 0 _aCovariance
653 0 _aQuality
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653 0 _aPower
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653 0 _aTechnology
653 0 _aZero
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653 0 _aStock
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653 0 _aDistribution
653 0 _aTools
653 0 _aIncrease
653 0 _aPrivacy
653 0 _aComponent
653 0 _aDigital
653 0 _aBayes
653 0 _aadvertising
653 0 _aAI economics
653 0 _aBayesian learning
653 0 _aBig data
653 0 _aData
653 0 _adata assets
653 0 _adata competition
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653 0 _adata markets
653 0 _adata reagulation
653 0 _aData revolution
653 0 _adigital assets
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653 0 _aBayesian learning
653 0 _aBig data
653 0 _aData
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653 0 _adata reagulation
653 0 _aData revolution
653 0 _adigital assets
653 0 _adigital economics
653 0 _ae-capital
700 1 _aVeldkamp, Laura L.,
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
773 0 8 _iTitle is part of eBook package:
_dDe Gruyter
_tPrinceton University Press Complete eBook-Package 2025
_z9783110749762
_oZDB-23-9
856 4 0 _uhttps://www.degruyterbrill.com/isbn/9780691256740
856 4 2 _3Cover
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912 _aZDB-23-9
_b2025
912 _aGBV-deGruyter-alles
942 _cE-BOOK
999 _c49530
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