How Can the Data Economy Be Regulated to Promote New Emerging Markets?

Josef Drexl

In the new digital economy the problem of data protection is not only heatedly debated but also has become the subject of academic research. New business models are emerging based on the current digital transformation of manufacturing and the digital transformation of many smart products. These smart products, such as autonomous cars, collect a huge number of data. The question arises: Who owns the data and how should the access to these data be regulated? JOSEF DREXL is interested in the future regulation of the data economy and explores the question of how we can generate or enable markets to emerge that are built on the use of data. As he explains in this video, his research group suggests – based on their analysis of the workings of the market – that the concept of ownership is not needed in this context and that a targeted access to property rights should be introduced into the regulations.

DOI:

https://doi.org/10.21036/LTPUB10495

Researcher

Josef Drexl is Director of the Max Planck Institute for Innovation and Competition. He is also Honorary Professor at the Ludwig Maximilian University Munich, Member of the Bavarian Academy of Sciences and Humanities, and Chair of the Project Coordination Board of the Munich Intellectual Property Law Center (MIPLC). As visiting professor, he taught at Oxford University, the Libera Università Internazionale per gli Studi Sociali Guido Carli in Rome, New York University and the Université de Paris 2 Panthéon-Assas. His current research focus is on intellectual property and competition-law issues of the new digital economy. He served as founding chair of the Academic Society for Competition Law from 2003 to 2013 and he is a vice-president of the Association Internationale de Droit Economique.

Max Planck Institute for Innovation and Competition

The Max Planck Institute for Innovation and Competition is committed to fundamental legal and economic research on processes of innovation and competition and their regulation. The research focuses on the incentives, determinants and implications of innovation. With an outstanding international team of scholars and excellent scientific and administrative infrastructure including our renowned library, the Institute hosts academics from all over the world and actively promotes young researchers. The Institute informs and guides legal and economic discourse on an impartial basis. As an independent research institution, it provides evidence-based research results to academia, policymakers, the private sector as well as the general public.

Original Publication

Neue Regeln für die Europäische Datenwirtschaft? Ein Plädoyer für einen wettbewerbspolitischen Ansatz – Teil 1

Josef Drexl

Published in 2017