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A01=Isaac Baley
A01=Laura L. Veldkamp
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Author_Isaac Baley
Author_Laura L. Veldkamp
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The Data Economy: Tools and Applications

English

By (author): Isaac Baley Laura L. Veldkamp

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 and Veldkamp uncover the ways that firm-level data choices resonate throughout the broader macroeconomic and financial landscapes.

With The Data Economy, Baley and Veldkamp put forward a broad research agenda with a formal yet accessible approach, offering an analysis of the data economy and its welfare effects that will be of interest to practitioners, researchers, and graduate students. The tools presented, many of them information-related methods from macroeconomics and finance, are theoretical but introduced with careful attention to how they can inform or enable measurement. Applications include assessing the economic worth of data and unraveling its influence on the structure of production, inflation, and pricing dynamics; firm and investor behavior; advertising; market power; and asset pricing. Baley and Veldkamp bring readers to the cutting edge of this novel research area, equipping them to formulate their own theoretical advances and policy analysis.

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Current price €57.59
Original price €63.99
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A01=Isaac BaleyA01=Laura L. VeldkampAge Group_UncategorizedAuthor_Isaac BaleyAuthor_Laura L. Veldkampautomatic-updateCategory1=Non-FictionCategory=GPHCategory=KCCategory=KCACategory=KCBCategory=KJMV3COP=United StatesDelivery_Pre-orderLanguage_EnglishPA=Not yet availablePrice_€50 to €100PS=Forthcomingsoftlaunch

Will deliver when available. Publication date 11 Mar 2025

Product Details
  • Dimensions: 156 x 235mm
  • Publication Date: 14 Jan 2025
  • Publisher: Princeton University Press
  • Publication City/Country: United States
  • Language: English
  • ISBN13: 9780691256726

About Isaac BaleyLaura L. Veldkamp

Isaac Baley is associate professor of economics at Universitat Pompeu Fabra associate researcher at the Centre de Recerca en Economia Internacional and affiliated professor at the Barcelona School of Economics. He is a former economic advisor to the Mexican Ministries of Economics and Finance. Laura Veldkamp is the Cooperman Professor of Economics and Finance at Columbia University's Graduate School of Business. She is the author of Information Choice in Macroeconomics and Finance (Princeton) a former editor of the Journal of Economic Theory and a member of the American Finance Association's board of directors.

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