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What is Economics of Nonrival Data Usage about?

This paper examines the economics of data and how different property rights for data affect its use in the economy. The key points are: 1) Data is nonrival, meaning it can be used simultaneously by multiple parties without being depleted, unlike most goods. This nonrivalry leads to increasing returns from broader use of data. 2) When firms own data, they may underuse it by not sharing broadly enough to maximize economic gains, out of concerns like creative destruction. Consumers owning their own data can

Author

Nabila Pramesti

Language

EN