Markets for data

Although datasets are abundant and assumed to be immensely valuable, they are not being shared or traded openly and transparently on a large scale. We investigate the nature of data trading with a conceptual market design approach and demonstrate the importance of provenance to overcome appropriabil...

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Detalles Bibliográficos
Autores: Thomas, Llewellyn D.W., Leiponen, Aija, Koutroumpis, Pantelis
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:España
Institución:Universitat Ramon Llull (URL)
Repositorio:DAU Arxiu Digital de la Universitat Ramon Llull
OAI Identifier:oai:dau.url.edu:20.500.14342/3440
Acceso en línea:http://hdl.handle.net/20.500.14342/3440
https://doi.org/10.1093/icc/dtaa002
Access Level:acceso abierto
Palabra clave:Dades massives
Bancs de dades
Informació -- Sistemes d'emmagatzematge i recuperació
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004
62
65
Descripción
Sumario:Although datasets are abundant and assumed to be immensely valuable, they are not being shared or traded openly and transparently on a large scale. We investigate the nature of data trading with a conceptual market design approach and demonstrate the importance of provenance to overcome appropriability and quality concerns. We consider the requirements for efficient data exchange, comparing existing trading arrangements against efficient market models and show that it is possible to achieve either large markets with little control or small markets with greater control. We describe some future research directions.