The Data Economy - by Laura L Veldkamp & Isaac Baley (Hardcover)

Product Description

Book Synopsis Tools from macroeconomics and finance to incorporate the central role that data plays in the economy The most valuable firms in the global economy are valued largely for their data. Amazon, Apple, Google, and others have proven the competitive advantage of a good data set. And yet despite the growing importance of data as a strategic asset, modern economic theory neglects its role. In this book, Isaac Baley and Laura Veldkamp draw on a range of theoretical frameworks at the research frontier in macroeconomics and finance to model and measure data economies. Starting from the premise that data is digitized information that facilitates prediction and reduces uncertainty, Baley a…