Markets for information: An introduction

D Bergemann, A Bonatti - Annual Review of Economics, 2019 - annualreviews.org
We survey a recent and growing literature on markets for information. We offer a
comprehensive view of information markets through an integrated model of consumers …

Too much data: Prices and inefficiencies in data markets

D Acemoglu, A Makhdoumi, A Malekian… - American Economic …, 2022 - aeaweb.org
When a user shares her data with online platforms, she reveals information about others. In
such a setting, externalities depress the price of data because once a user's information is …

A survey on data pricing: from economics to data science

J Pei - IEEE Transactions on knowledge and Data …, 2020 - ieeexplore.ieee.org
Data are invaluable. How can we assess the value of data objectively, systematically and
quantitatively? Pricing data, or information goods in general, has been studied and practiced …

A marketplace for data: An algorithmic solution

A Agarwal, M Dahleh, T Sarkar - … of the 2019 ACM Conference on …, 2019 - dl.acm.org
In this work, we aim to design a data marketplace; a robust real-time matching mechanism to
efficiently buy and sell training data for Machine Learning tasks. While the monetization of …

The design and price of information

D Bergemann, A Bonatti, A Smolin - American economic review, 2018 - aeaweb.org
A data buyer faces a decision problem under uncertainty. He can augment his initial private
information with supplemental data from a data seller. His willingness to pay for …

Selling cookies

D Bergemann, A Bonatti - American Economic Journal: Microeconomics, 2015 - aeaweb.org
We propose a model of data provision and data pricing. A single data provider controls a
large database that contains information about the match value between individual …

The economics of data externalities

S Ichihashi - Journal of Economic Theory, 2021 - Elsevier
A firm buys data from consumers to learn about some uncertain state of the world. There are
data externalities, whereby data of some consumers reveal information about other …

Algorithmic bayesian persuasion

S Dughmi, H Xu - Proceedings of the forty-eighth annual ACM …, 2016 - dl.acm.org
Persuasion, defined as the act of exploiting an informational advantage in order to effect the
decisions of others, is ubiquitous. Indeed, persuasive communication has been estimated to …

Optimal and differentially private data acquisition: Central and local mechanisms

A Fallah, A Makhdoumi, A Malekian… - Operations …, 2024 - pubsonline.informs.org
We consider a platform's problem of collecting data from privacy sensitive users to estimate
an underlying parameter of interest. We formulate this question as a Bayesian-optimal …

Quantifying information and uncertainty

A Frankel, E Kamenica - American Economic Review, 2019 - aeaweb.org
We examine ways to measure the amount of information generated by a piece of news and
the amount of uncertainty implicit in a given belief. Say a measure of information is valid if it …