ZEW Economist Rehse Among the Top 40 Under 40Awards
Capital Names ZEW Junior Research Group Head a Top Performer with High Potential
The German business magazine Capital counts ZEW economist Dr. Dominik Rehse among the “top 40 under 40” talents from science and society. For Capital, the head of the Junior Research Group “Digital Market Design” at ZEW Mannheim is one of the most important talents who are shaping developments in Germany.
“Well-designed markets are crucial to successfully mastering the digital transformation. Sometimes entirely new markets must be created. A key example is the establishment of markets to test AI,” Rehse emphasises. Many regulatory initiatives demand that such machine learning algorithms be verifiable. So far, however, there is no established approach to implement this in practice. One challenge is that such algorithms change frequently and contain confidential data and sensitive business information. Dominik Rehse and his team are designing market mechanisms that create incentives for testing AI and take these special requirements into account.
In addition, the team investigates the design of data markets. Well-functioning data markets could provide strong incentives to exploit the wealth of data in business, healthcare and other sectors. Despite the strong support from policymakers, few well-functioning data marketplaces exist so far. The challenge is that data is often only valuable in combination with other data and can theoretically be sold an infinite number of times. For this reason, the team is working on market mechanisms that take into account the specific features of data as an economic good.
Congratulations to Dominik Rehse on the distinction “Capital – top 40 under 40”!