a column by Wendy C.Y. Li, Makoto Nirei and Kazufumi Yamana for VOX: CEPR’s Policy Portal
Online platforms that provide services at zero monetary cost benefit greatly from the data these transactions generate.
This column proposes a new method to value these data, based on firm investments in organisational capital. The method also captures the social value of consumer data. Accurate estimates may guide investment and improve national accounts.
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