Are companies stealing your data? Or are they bartering for it? The Brookings Institution’s isaac.baley and Laura Veldkamp urge policymakers to recognize that most companies compensate customers for their personal data by offering price discounts: regrev.us/4aFiA8E

Join us this summer in Barcelona for the CREI Barcelona School of Economics Macro Summer School!

I will teach a five-day minicourse (July 1-5) on 'The Data Economy.'

You can mix it with other courses. More info and registration here: ow.ly/sNkc50Qz4Yf

Did you know you were being paid for your data?

A new @Brookings paper by Isaac Baley Gaytán and Laura Veldkamp explains the idea of “data barter” whereby consumers exchange data in return for use of digital goods.

A short thread →

brookings.edu/articles/the-p…

Just accepted at RFS. Thanks to co-authors, editor and referees! #DataEconomy Maryam Farboodi

A measure of data value using a sufficient statistics approach that uses moments of equilibrium asset returns and accommodates different types of data and investor characteristics, from Maryam Farboodi, Dhruv Singal, Laura Veldkamp, and Venky Venkateswaran nber.org/papers/w29894

New Brookings article argues that we should face differential prices for transactions, based on whether we share data or not. This is how to induce competition on data pricing, so that consumers can reap gains. brookings.edu/articles/the-p… #DataEconomy #DataPrivacy

Although some economists take a more nuanced approach toward the federal debt, it really comes down to asking what the money was used for.

“Instead of focusing on the level of debt, we should be asking: What is the return on the investment?” Laura Veldkamp (Laura Veldkamp), a…

Call for Papers:  Columbia & RFS AI in Finance Conference!

The conference features optional dual submission to RFS. Submission deadline: April 7, 2024.

I am organizing this with Ansgar Walther. RFS sponsoring editors: Itay Goldstein, Tarun Ramadorai.

sites.google.com/view/ai-financ…

A beautiful short talk by Tom Sargent on how to think about Machine Learning in economics.

youtu.be/flLYFVtsGIY?si…

Listen to 'Prof. Laura Veldkamp of Columbia University on a model of the data economy.' by Scientific Sense ®. podcasters.spotify.com/pod/show/scien…

For all of human history, humans had to work where they live, explains Columbia professor Stijn Van Nieuwerburgh. But that’s no longer the case and it’s “very transformational.” cbsn.ws/3O54bcF

Columbia Business School professor Stijn Van Nieuwerburgh calls office real estate a train wreck in slow motion. He forecasts a 40% reduction in the value of New York offices. cbsn.ws/48O0WhI

Thanks to Chad Syverson for the discussion and to everyone who stuck around until the end to participate!

'Financially constrained firms tend to front-load their revenue by selling data, which can have negative consequences for consumers in the long run.'

More from Ernest Liu, Song Ma, and Laura Veldkamp: bit.ly/3ZTf3ip

Studying the market power of data sellers, Ernest Liu and co-authors document characteristics of data markets relevant to exploiting market power and explore the power of data monopolists theoretically: bit.ly/3ZTf3ip

What does market power look like in a digital economy? Prof Laura Veldkamp Laura Veldkamp (@cbspython) discussed the impact of data on market competition and consumer welfare as well as data exchange regulation during her visit to Stockholm. bit.ly/3ZgvOnI

#EconTwitter

Congrats to Josh Rauh Joshua Rauh on being appointed as an Associate Chair of the SFS Cavalcade, the conference of the Society for Financial Studies Society for Financial Studies. Welcome to the team Josh! #EconTwitter

Thanks to Stockholm School of Economics for hosting me and producing this video explaining the basics of data, competition and market power #dataeconomy #econtwitter Swedish House of Finance youtube.com/watch?v=mz0aJd…

Friday October 13 #AMEC ( #NYFed ) will host this symposium covering WFH & the future of cities (Emma Harrington Yichen Su @SVNieuwerbur); AI & productivity growth (@avicgoldfarb Prasanna Tambe Laura Veldkamp); & the forces shaping future growth (John Fernald Lucia Foster Robert Gordon)

What a blast! Last Saturday, the auditorium of Vrije Universiteit Amsterdam served as the stage for a special event: a comedy talk show about Finance with, among others, Nobel laureate Bengt Holmström. Read more: vu.nl/en/news/2023/l…
vu.nl/nl/nieuws/2023…