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Data Protection, Property Rights and Value Creation

Author

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  • Ivanina Mancheva

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The study discusses data protection and property rights in terms of how value is creat¬ed. The paper highlights specific features of the data: Data are public goods. Their value is not defined in advance, but their processing requires significant upfront investment. The data-based economy relies on network externalities that depend on user participa¬tion. Critical questions arise such as who should hold the property rights of data collect¬ed through various devices, processed by AI, combined with other pieces of information, etc. What are the economic justifications for the introduction of property or other rights over data? Disclosures about the misuse of personal data led to new regulations like the GDPR. But the research shows that without clarity about the contribution of various participants in the value chain and their rights, new regulations could prove to be a chal¬lenge. On the other hand, the uncertainty about property rights undermines innovation.

Suggested Citation

  • Ivanina Mancheva, 2020. "Data Protection, Property Rights and Value Creation," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 171–200-1, December.
    • Handle: RePEc:nwe:godish:y:2020:i:2:p:171-200
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    File URL: http://unwe-yearbook.org/en/journalissues/article/10341
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    More about this item

    Keywords

    digitalization; data economy; data; information; public goods; property rights; intellectual property; privacy; value;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • H40 - Public Economics - - Publicly Provided Goods - - - General

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