Big Data and Firm Dynamics

Farboodi, Maryam; Mihet, Roxana; Philippon, Thomas; Veldkamp, Laura

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dc.contributor.author	Farboodi, Maryam
dc.contributor.author	Mihet, Roxana
dc.contributor.author	Philippon, Thomas
dc.contributor.author	Veldkamp, Laura
dc.date.accessioned	2021-10-27T20:30:08Z
dc.date.available	2021-10-27T20:30:08Z
dc.date.issued	2019
dc.identifier.uri	https://hdl.handle.net/1721.1/135962
dc.description.abstract	<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>
dc.language.iso	en
dc.publisher	American Economic Association
dc.relation.isversionof	10.1257/PANDP.20191001
dc.rights	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.
dc.source	American Economic Association
dc.title	Big Data and Firm Dynamics
dc.type	Article
dc.relation.journal	American Economic Association Papers and Proceedings
dc.eprint.version	Final published version
dc.type.uri	http://purl.org/eprint/type/JournalArticle
eprint.status	http://purl.org/eprint/status/PeerReviewed
dc.date.updated	2021-03-29T15:46:18Z
dspace.orderedauthors	Farboodi, M; Mihet, R; Philippon, T; Veldkamp, L
dspace.date.submission	2021-03-29T15:46:26Z
mit.journal.volume	109
mit.license	PUBLISHER_POLICY
mit.metadata.status	Authority Work and Publication Information Needed