Big Data and Firm Dynamics
<jats:p> We study a model where firms accumulate data as a valuable intangible asset. Data accumulation affects firms' dynamics. It increases the skewness of the firm size distribution as large firms generate more data and invest more in active experimentation. On the other hand, small da...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association
2022
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| Online Access: | https://hdl.handle.net/1721.1/135962.2 |
| _version_ | 1811084156601368576 |
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| author | Farboodi, Maryam Mihet, Roxana Philippon, Thomas Veldkamp, Laura |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Farboodi, Maryam Mihet, Roxana Philippon, Thomas Veldkamp, Laura |
| author_sort | Farboodi, Maryam |
| collection | MIT |
| description | <jats:p> We study a model where firms accumulate data as a valuable intangible asset. Data accumulation affects firms' dynamics. It increases the skewness of the firm size distribution as large firms generate more data and invest more in active experimentation. On the other hand, small data-savvy firms can overtake more traditional incumbents, provided they can finance their initial money-losing growth. Our model can be used to estimate the market and social value of data. </jats:p> |
| first_indexed | 2024-09-23T12:45:49Z |
| format | Article |
| id | mit-1721.1/135962.2 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T12:45:49Z |
| publishDate | 2022 |
| publisher | American Economic Association |
| record_format | dspace |
| spelling | mit-1721.1/135962.22022-01-12T14:50:41Z Big Data and Firm Dynamics Farboodi, Maryam Mihet, Roxana Philippon, Thomas Veldkamp, Laura Sloan School of Management <jats:p> We study a model where firms accumulate data as a valuable intangible asset. Data accumulation affects firms' dynamics. It increases the skewness of the firm size distribution as large firms generate more data and invest more in active experimentation. On the other hand, small data-savvy firms can overtake more traditional incumbents, provided they can finance their initial money-losing growth. Our model can be used to estimate the market and social value of data. </jats:p> 2022-01-12T14:50:40Z 2021-10-27T20:30:08Z 2022-01-12T14:50:40Z 2019 2021-03-29T15:46:18Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/135962.2 en 10.1257/PANDP.20191001 American Economic Association Papers and Proceedings Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/octet-stream American Economic Association American Economic Association |
| spellingShingle | Farboodi, Maryam Mihet, Roxana Philippon, Thomas Veldkamp, Laura Big Data and Firm Dynamics |
| title | Big Data and Firm Dynamics |
| title_full | Big Data and Firm Dynamics |
| title_fullStr | Big Data and Firm Dynamics |
| title_full_unstemmed | Big Data and Firm Dynamics |
| title_short | Big Data and Firm Dynamics |
| title_sort | big data and firm dynamics |
| url | https://hdl.handle.net/1721.1/135962.2 |
| work_keys_str_mv | AT farboodimaryam bigdataandfirmdynamics AT mihetroxana bigdataandfirmdynamics AT philipponthomas bigdataandfirmdynamics AT veldkamplaura bigdataandfirmdynamics |