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Big data and big techs: understanding the value of information in platform capitalism

Author

Listed:
  • Alain Marciano

    (University of Montpellier and MRE)

  • Antonio Nicita

    (Lumsa University)

  • Giovanni Battista Ramello

    (Università del Piemonte Orientale)

Abstract

One of the major challenges that result from the digital transformation occurring in our societies bears on its impact on the organization and regulation of the economy. This leads to a dramatic change to the economic institutions of capitalism—into what could be defined as platform capitalism—that rests on a fundamental dilemma between ‘decentralization’ on the one side and ‘concentration’ on the other. This is the main puzzle that the emergence of a big data driven economy is actually offering to law and economics scholars and to policy makers. This paper introduces to some of the major aspects of this dilemma.

Suggested Citation

  • Alain Marciano & Antonio Nicita & Giovanni Battista Ramello, 2020. "Big data and big techs: understanding the value of information in platform capitalism," European Journal of Law and Economics, Springer, vol. 50(3), pages 345-358, December.
    • Handle: RePEc:kap:ejlwec:v:50:y:2020:i:3:d:10.1007_s10657-020-09675-1
    DOI: 10.1007/s10657-020-09675-1
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    References listed on IDEAS

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    1. Daniel Martin Katz & Michael J Bommarito II & Josh Blackman, 2017. "A general approach for predicting the behavior of the Supreme Court of the United States," PLOS ONE, Public Library of Science, vol. 12(4), pages 1-18, April.
    2. Farrell, Joseph & Klemperer, Paul, 2007. "Coordination and Lock-In: Competition with Switching Costs and Network Effects," Handbook of Industrial Organization, Elsevier.
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    Cited by:

    1. Alain Marciano & Antonio Nicita & Giovanni Battista Ramello, 2020. "Puzzles in the big data revolution: an introduction," European Journal of Law and Economics, Springer, vol. 50(3), pages 339-344, December.
    2. Nathalie de Marcellis-Warin & Frédéric Marty & Eva Thelisson & Thierry Warin, 2020. "Artificial Intelligence and Market Manipulations: Ex-ante Evaluation in the Regulator's Arsenal," CIRANO Working Papers 2020s-64, CIRANO.
    3. Alexandre Chirat, 2022. "Consumer sovereignty in the digital society," EconomiX Working Papers 2022-25, University of Paris Nanterre, EconomiX.
    4. Matteo Migheli & Giovanni B. Ramello, 2021. "The unbearable lightness of scientometric indices," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(8), pages 1933-1944, December.

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