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Resource “Data”: Economic Benefits of Data Provision

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  • Oliver Falck
  • Johannes Koenen

Abstract

The importance of data for economic growth and development in Germany and Europe is undisputed. This study identifies various factors that may cause market failures for the good “data”. As a consequence, markets alone may not lead to efficient allocation of, optimal access to and sufficient participation in data that is collected and stored. At present, different market-based, political and regulatory efforts are being undertaken in this context: State intervention such as a right to data access is pursued in parallel with private sector solutions such as data trusts or platforms. Given the complex issues underlying potential market failures, competition between different solutions is welcome.

Suggested Citation

  • Oliver Falck & Johannes Koenen, 2020. "Resource “Data”: Economic Benefits of Data Provision," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 21(03), pages 31-41, September.
    • Handle: RePEc:ces:ifofor:v:21:y:2020:i:03:p:31-41
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    References listed on IDEAS

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