Stimulating Economic Growth by Unlocking the Nonrival Potential of Data - Review, Synthesis and Directions for Future Research

Working Paper No.2 – LMU Munich, 2020

17 Pages Posted: 1 Dec 2020

See all articles by Stefan Mager

Stefan Mager

Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)

Johann Kranz

LMU München

Date Written: May 3, 2020

Abstract

Data as a resource has proven to be a game changer for firms. With a growing global data sphere, differences across platforms with exclusive access to big data intensify. Against this background, Jones and Tonetti (2020) model access to big data as an allocation problem for enhancing social welfare. They focus on the nonrivalry of data to show that the same dataset should be available across firms to spur innovation. Yet, this contrasts with the desire for privacy by individuals and the fear of creative destruction by firms. We provide a systematic literature review to inform IS research on options to solve the problem of big data misallocation. Specifically, we synthesize academic progress for improving data-sharing approaches. We show that technological options will be available soon that will let individuals decide to whom they grant access to their data. Such options will allow producing welfare-enhancing outcomes from big data.

Keywords: Data sharing, Big Data Allocation, Non-Rivalry of Data, Economic growth, Systematic Literature Review

Suggested Citation

Mager, Stefan and Kranz, Johann, Stimulating Economic Growth by Unlocking the Nonrival Potential of Data - Review, Synthesis and Directions for Future Research (May 3, 2020). Working Paper No.2 – LMU Munich, 2020, Available at SSRN: https://ssrn.com/abstract=3720114 or http://dx.doi.org/10.2139/ssrn.3720114

Stefan Mager (Contact Author)

Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) ( email )

Kaulbachstr. 45
Munich, DE 80539
Germany

Johann Kranz

LMU München ( email )

Kaulbachstr. 45
Munich, DE 80539
Germany
8921801875 (Phone)
892180991874 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
97
Abstract Views
767
Rank
509,053
PlumX Metrics