Data Protection, Property Rights and Value Creation
Keywords:
Digitization, Data economy, Data, Information, Public goods, Property rights, Intellectual property, Privacy, ValueAbstract
The study discusses data protection and property rights in terms of how value is created. The paper highlights specific features of the data: Data are public goods. Their value is not defined in advance, but their processing requires significant upfront investment. The data-based economy relies on network externalities that depend on user participation. Critical questions arise such as who should hold the property rights of data collected through various devices, processed by AI, combined with other pieces of information, etc. What are the economic justifications for the introduction of property or other rights over data? Disclosures about the misuse of personal data led to new regulations like the GDPR. But the research shows that without clarity about the contribution of various participants in the value chain and their rights, new regulations could prove to be a challenge. On the other hand, the uncertainty about property rights undermines innovation.References
B Allen - The American Economic Review, 1990 (1990). Information as an economic commodity. American Economic Review, 80. URL: https://www.jstor.org/stable/2006582
Ronald H. and Coase and first (1960). The Problem of Social Cost. Classic Papers in Natural Resource Economics, 3(15). DOI: https://doi.org/10.1057/9780230523210_6
Stepanov Ivan (2019). Introducing a property right over data in the EU: the data producer’s right – an evaluation. International Review of Law, Computers & Technology, 34(1), 65-86. DOI: https://doi.org/10.1080/13600869.2019.1631621
join(' ' and Stanley K. and Alan F. and Laughlin and Westin and first and additional (1968). Privacy and Freedom. Michigan Law Review, 166. DOI: https://doi.org/10.2307/1287193
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Copyright (c) 2020 Ivanina Mancheva (Author)
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