The concept of 'Data Trusts' or 'Data Commons' explores:
A. The complete free-for-all of unregulated data markets
B. Only private ownership of all data by platforms
C. Only government ownership of all personal data
D. Institutional arrangements in which data is stewarded collectively for the benefit of a defined community of stakeholders
Answer: Option D
Solution (By JKSSB Mock Tests)
Data trusts and data commons are emerging institutional models that seek to govern data as a shared resource, with trustees or collective bodies responsible for managing access and use in accordance with the interests of the data subjects or community.
Explanation:
Asymmetric information, where one party has more information than the other, can lead to adverse selection (before the contract) and moral hazard (after the contract).
Explanation:
The Modigliani-Miller theorem asserts that, under perfect capital markets (no taxes, no bankruptcy costs, no asymmetric information), the total value of a firm is independent of whether it is financed by debt or equity.
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