How to"Break the Ice"in Construction of Local Government-Led Data Trading Venues?
"Accelerating the cultivation of data factor markets"is both a clear request from the Central Government and an urgent call from the reality.Data trading venues are the key to enhance the efficiency of market-based allocation of data elements and in practice,local government-led data trading venues have set off a new wave of construction However,the dilemma of"too many da-ta trading venues and too little data traded on the floor"has not yet been solved.Starting from analy-sing the content characteristics of data transactions and the need for governance mechanisms,the ar-ticle explores,based on market design theory,what kind of transaction mechanisms are more effi-cient,and how to implement the 20 requirements of building a regulated and efficient data trading venue.The study suggests that the key to"break the ice"lies in fully recognizing that the market type of"many-to-many transactions"is the most efficient,the crucial factor in stimulating the re-source allocation efficiency of the data trading market is to promote the formation of a"many-to-many transaction"market system.Secondly,government-led data trading venues in different re-gions should follow the unified national data trading rules and act as"local channels"for national da-ta trading venues,so as to achieve interconnection and interoperability with national data trading venues.Thirdly,it is urgent to build a unified national data trading rule that combines technical standards,market contracts and legal enforcement,so as to respond to the requirements of the gov-ernance mechanism of data trading in terms of transaction regulation,commodity pricing and property rights definition.
local government-led data trading venuesnational data trading venuesdata trading mechanism
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