Creative Destruction in a Data Economy

2026

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AI-generated summary

1) This paper models how data and artificial intelligence interact to drive innovation, market dynamics, and endogenous growth, challenging the conventional view that data barriers necessarily stifle business dynamism.
2) What's inside:
- A Schumpeterian growth framework where production generates proprietary data that, when combined with AI, enhance innovation productivity for both incumbents and entrants.
- Comparative analyses of different data-access regimes—including data monopolies, unregulated data trading, regulated pricing (like the EU Data Act), and independent data sourcing.
- Extensions exploring the welfare implications of privacy costs and the role of startup acquisitions (M&As) in sustaining market leadership.
3) Tags: Data economy, artificial intelligence, creative destruction, endogenous growth, market dynamics

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