Title: Microeconomic Model and Equilibrium Analysis of Data Markets
Abstract: In this talk I'm going to present a microeconomic model for data markets. We will discuss preference relations of consumers, production functions of producers and an equilibria concept of the market. I'll also present an equilibrium existence theorem and an equilibrium price finding algorithm which is based on Tatonnement process. We will then discuss stability of the equilibrium and different ways of generalization of the model.