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Baley, I. and L.L. Veldkamp (2025). The data economy. tools and applications. Princeton, NJ: Princeton University Press

Author

Listed:
  • Orlando Gomes

    (Lisbon Accounting and Business School – Polytechnic University of Lisbon (ISCAL-IPL) and CEFAGE Research Center, ISCAL)

Abstract

This brief essay reviews the recently released book by Isaac Baley and Laura L. Veldkamp, The Data Economy. Tools and Applications. The book encloses high-quality state-of-the-art research, which is essential reading for any scientist interested in the economics of data, a new and exciting field of knowledge that economists are beginning to explore. Big data is a fundamental asset and input for many firms in the modern economy and, therefore, it is of utmost importance to understand how it is reshaping firms, markets, and the economy as a whole. The authors offer a meaningful set of statistical and modeling tools to address the data economy, which is then discussed and analyzed in detail throughout a series of chapters that approach, among many others, topics such as the role of data as a prediction device, market power in the data economy, or the emergence of data brokers and platforms.

Suggested Citation

  • Orlando Gomes, 2025. "Baley, I. and L.L. Veldkamp (2025). The data economy. tools and applications. Princeton, NJ: Princeton University Press," Journal of Evolutionary Economics, Springer, vol. 35(2), pages 381-385, April.
    • Handle: RePEc:spr:joevec:v:35:y:2025:i:2:d:10.1007_s00191-025-00893-x
    DOI: 10.1007/s00191-025-00893-x
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