notesum.ai
Published at November 9A Survey on Data Markets
cs.GT
cs.AI
cs.DB
Released Date: November 9, 2024
Authors: Jiayao Zhang1, Yuran Bi1, Mengye Cheng1, Jinfei Liu1, Kui Ren1, Qiheng Sun1, Yihang Wu1, Yang Cao2, Raul Castro Fernandez3, Haifeng Xu3, Ruoxi Jia4, Yongchan Kwon5, Jian Pei6, Jiachen T. Wang7, Haocheng Xia8, Li Xiong9, Xiaohui Yu10, James Zou11
Aff.: 1Zhejiang University; 2Tokyo Institute of Technology; 3The University of Chicago; 4Virginia Tech; 5Columbia University; 6Duke University; 7Princeton University; 8University of Illinois Urbana-Champaign; 9Emory University; 10York University; 11Stanford University
| Property | Description | Land | Labor | Capital | Entrepreneurship | Data |
| Replicability | can be replicated (almost) without cost | ✗ | ✗ | ✗ | ✓ | ✓ |
| Non-rivalry | can be used by multiple parties simultaneously | ✗ | ✗ | ✗ | ✓ | ✓ |
| Externality | indirect cost or benefit arising from others’ activity | ✓ | ✓ | ✓ | ✓ | ✓ |
| Composability | can be integrated to achieve higher value | ✓ | ✓ | ✓ | ✓ | ✓ |
| Divisibility | can be feasibly divided | ✓ | ✗ | ✗ | ✗ | ✓ |
| Heterogeneity | unit element has different value | ✓ | ✓ | ✓ | ✓ | ✓ |
| Persistence | is reusable and not expendable | ✓ | ✗ | ✗ | ✓ | ✓ |
| Natural Growth | can grow without extra artificial effort | ✗ | ✗ | ✗ | ✗ | ✓ |
| Physical Object | is a physical object | ✓ | ✗ | ✓ | ✗ | ✗ |
| Tradability | can be traded | ✓ | ✓ | ✓ | ✓ | ✓ |
| High Liquidity | can be easily converted into cash in a mature market | ✓ | ✓ | ✓ | ✓ | ✗ |