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Internalizing Externalities: Designing Effective Data Policies

Author

Listed:
  • Ryan Hill
  • Carolyn Stein
  • Heidi Williams

Abstract

Many economics journals have recently invested in efforts to archive and curate research data and promote reproducible research. The economics profession has focused relatively less attention on what types of institutions and incentives might encourage and subsidize the creation and sharing of datasets that are likely to encourage novel follow-on research of high social value. This paper describes some examples from other scientific fields of institutions and incentives designed to promote subsequent research and speculates on some potential reforms that could be undertaken within economics to encourage the type of data sharing most likely to encourage socially valuable follow-on research.

Suggested Citation

  • Ryan Hill & Carolyn Stein & Heidi Williams, 2020. "Internalizing Externalities: Designing Effective Data Policies," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 49-54, May.
    • Handle: RePEc:aea:apandp:v:110:y:2020:p:49-54
    DOI: 10.1257/pandp.20201060
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    Cited by:

    1. Nick Huntington‐Klein & Andreu Arenas & Emily Beam & Marco Bertoni & Jeffrey R. Bloem & Pralhad Burli & Naibin Chen & Paul Grieco & Godwin Ekpe & Todd Pugatch & Martin Saavedra & Yaniv Stopnitzky, 2021. "The influence of hidden researcher decisions in applied microeconomics," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 944-960, July.
    2. Edward Miguel, 2021. "Evidence on Research Transparency in Economics," Journal of Economic Perspectives, American Economic Association, vol. 35(3), pages 193-214, Summer.

    More about this item

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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