It is beyond doubt that the exponential growth in available data will serve many purposes and will be provided for and to many users. To meet the wide range of needs, a business handling data system must meet different criteria. This paper provides an a both qualitative and quantitative...

How far should an industry be allowed to consolidate when competition and innovation are endogenous? We develop a stochastically alternating-move game of dynamic oligopoly, and estimate it using data from the hard disk drive industry, in which a dozen global players consolidated into only three...