Data and Externalities in the Digital Age
June 19, 2024

Bengt Holmström is the Paul A. Samuelson Professor of Economics at Massachusetts Institute of Technology. Formerly, Edwin J. Beinecke Professor of Management at Yale University's School of Management (1983 - 1994). Research associate of the National Bureau of Economic Research. Served as board member of Nokia (1999 - 2012). Fellow of the American Academy of Arts and Sciences. Fellow and former president (2011) of the Econometric Society. Professor Holmström is a microeconomic theorist, best known for his research on the theory of contracting and incentives especially as applied to the theory of the firm, to corporate governance, and most recently to financial crises and the supply of liquidity.

Professor Holmström thought collateral in credit markets could be replaced by information, which lead to better financial inclusion. In addition to that, data privacy should not be discussed separately from the data value.

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