Data as a Tradeable Commodity – Implications for Contract Law
Josef Drexl (ed.), Proceedings of the 18th EIPIN Congress: The New Data Economy between Data Ownership, Privacy and Safeguarding Competition, Edward Elgar Publishing, Forthcoming
15 Pages Posted: 2 Nov 2017
Date Written: September 2017
Data are increasingly seen as a commodity. This is due to the development of data technology (big data, cyber-physical systems) which changes (and created in the first place) the data economy. The technological and economic development challenges the law which is expected to provide a sound legal framework for the changing data economy. This chapter focuses on contract law, especially on the distinction between service paradigm and commodity paradigm in data related contracts.
Keywords: data, property, contracts
JEL Classification: K11, K12
Suggested Citation: Suggested Citation