Big data and big techs: understanding the value of information in platform capitalism

One of the major challenges that result from the digital transformation occurring in our societies bears on its impact on the organization and regulation of the economy. This leads to a dramatic change to the economic institutions of capitalism—into what could be defined as platform capitalism—that...

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Bibliographic Details
Published inEuropean journal of law and economics Vol. 50; no. 3; pp. 345 - 358
Main Authors Marciano, Alain, Nicita, Antonio, Ramello, Giovanni Battista
Format Journal Article
LanguageEnglish
Published New York Springer US 01.12.2020
Springer Nature B.V
Springer Verlag
Subjects
Big Data
Capitalism
Commercial Law
Decentralization
Economics
Economics and Finance
European Integration
Humanities and Social Sciences
Law and Economics
Policy making
Public Finance
Transformation
Decentralization
Big data
Regulation
Platform capitalism
Concentration
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Summary:One of the major challenges that result from the digital transformation occurring in our societies bears on its impact on the organization and regulation of the economy. This leads to a dramatic change to the economic institutions of capitalism—into what could be defined as platform capitalism—that rests on a fundamental dilemma between ‘decentralization’ on the one side and ‘concentration’ on the other. This is the main puzzle that the emergence of a big data driven economy is actually offering to law and economics scholars and to policy makers. This paper introduces to some of the major aspects of this dilemma.
ISSN:0929-1261
1572-9990
1572-9346
DOI:10.1007/s10657-020-09675-1