Two modern economic trends are the increase in firm size and advances in information technology. We explore the hypothesis that big data disproportionately benefits big firms. August 2018, Begenau, Farboodi & Veldkamp
The five largest American companies derive most of their value not from physical assets, but from intangibles ones, like data. Data and new data technologies are changing production, labor and valuation. April 2020, Veldkamp
“Big data” financial technology raises concerns about market inefficiency. A common concern is that the technology might induce traders to extract others’ information, rather than to produce information themselves.October 2019, Farboodi & Veldkamp