The Wild West of information markets: What we need to know before law and order can rule

a column by Dirk Bergemann and Alessandro Bonatti for VOX: CEPR’s Policy Portal

The growth of social media over the past decade has brought a parallel explosion in the size and value of information markets.

This column presents the findings from a comprehensive model of data trading and brokerage. The model identifies three aspects of information markets – the value of information, the nature of competition in these markets, and consumers’ incentives – which are in particular need of further research and understanding.

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