CEU Electronic Theses and Dissertations, 2023
| Author | Gospodin Stoyanov Tonev |
|---|---|
| Title | The Political Economy Of Iot Data. The Status Quo And The Impact Of The Data Act |
| Summary | In view of the importance of data within the Data economy the key political economy question of the current digital era is how the governance of this resource should be designed i.e., who has control over data, who can use it, and who can benefit from its value? The question is complicated and requires understanding of the unique characteristics of the object of regulation. However, the complexity of the subject matter cannot serve as an excuse for non-regulation. On the contrary, through intensify discussions involving experts with different background – economists, lawyers and data scientist, it should be found what is the most effective and efficient model for distribution of the wealth of data and how it can be implemented in practice. The European Commission has already taken several steps towards the regulation of the data governance and this should be encouraged and supported. The outlined by the Commission objectives are sensible. However, the development path in this field is not straightforward and this is obvious from the debates which surround virtually each legislative proposal in the area. In 2022 the Commission announced its proposal for Data Act. This instrument has the potential to reshape the political economy of IoT data and to overcome (some of) the market failures which have been identified so far. The current work aims to identify some possible weaknesses of the proposal on conceptual level and to contribute to the debate over the effective distribution of the value of data. For this purpose, the paper presents term ‘data’ and analyses the economic characteristics of data as a resource. Further, in order to identify possible opportunities and risks the paper explores the existing political economy of data and the two main conceptual extremes - free and unrestricted access to data and full enclosure of data. |
| Supervisor | Soave, Tommaso |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2023/tonev_gospodin.pdf |
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