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Economics of Data

Paper Session

Saturday, Jan. 5, 2019 2:30 PM - 4:30 PM

Atlanta Marriott Marquis, L505
Hosted By: Econometric Society
  • Chair: Rakesh Vohra, University of Pennsylvania

The Short-Run Effects of GDPR on Technology Venture Investment

Ginger Jin
University of Maryland
Liad Wagman
Illinois Institute of Technology
Jian Jia
Illinois Institute of Technology


The General Data Protection Regulation (GDPR) came into effect in the European Union in May 2018. We study its short-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures, relative to their US counterparts. The negative effects manifest in the overall dollar amounts raised across funding deals, the number of deals, and the dollar amount raised per individual deal.

Markets for Information

Dirk Bergemann
Yale University
Alessandro Bonatti
Massachusetts Institute of Technology


Information Design, Price of Information, Market for Information, Statistical Experiments
Glen Weyl
Microsoft Corporation
Mallesh Pai
Rice University
Annie Liang
University of Pennsylvania
JEL Classifications
  • D4 - Market Structure, Pricing, and Design
  • L1 - Market Structure, Firm Strategy, and Market Performance