Who Gets the Value from Data, and How Much?

It is clear that data has significant economic value but, even though both national and corporate accountants plan to record more data assets, there is no consensus about how to estimate their value. Data is also a corporate ‘moat’ limiting competition, with most value accruing to the businesses that can limit data access. This ZEW Lecture on Economic Policy will set out a framework for data valuation, survey some empirical approaches, and discuss some implications for market structure, competition and innovation.