Big Data, Traceability and Information Asymmetries: Opacity, Interference and Democracy

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Abstract

This paper aims two goals: on the one hand, I will study the main characteristics of the different markets linked to electronic platforms and social networks. On the other hand, I will elaborate a function of social welfare to capture the positive and negative externalities produced by the development of these markets. I will highlight the information asymmetries that characterize the dynamics of these markets and study the implications linked to the opacity of this system. In a first part, I will highlight the main characteristics of the markets linked to this digital economy. In a second part, I will study this economy in relation to a specific welfare function. In a third part, I will show to what extent new forms of information asymmetries appear in these markets, and I will study the implications in terms of social welfare, emphasizing the economic, legal and political dimensions.

 

Keywords: Digital Economy - Externalities- Social Welfare - Democracy.

JEL Codes: D86, D85, D82

Author Biography

Alain Herscovici, Programa de Pós-Graduação em Economia, Universidade Federal do Espírito Santo, Vitória, ES, Brasil.

Departamento de Economia

Programa de Pós-Graduação em Economia

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Published

2021-12-30

How to Cite

HERSCOVICI, A. Big Data, Traceability and Information Asymmetries: Opacity, Interference and Democracy. Nova Economia, [S. l.], v. 31, n. 3, p. 979–1008, 2021. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6075. Acesso em: 22 nov. 2024.

Issue

Vol. 31 No. 3 (2021): Revista Nova Economia

Section

Regular Issue

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Copyright (c) 2021 Alain Herscovici

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