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An informational theory of privacy
- 1.0540201 - NHU-C 2021 RIV GB eng J - Journal Article
Jann, Ole - Schottmüller, C.
An informational theory of privacy.
Economic Journal. Roč. 130, č. 625 (2020), s. 93-124. ISSN 0013-0133. E-ISSN 1468-0297
Institutional support: Progres-Q24
Keywords : price discrimination * privacy * uniform pricing
OECD category: Economic Theory
Impact factor: 3.178, year: 2020
Method of publishing: Limited access
https://doi.org/10.1093/ej/uez045
Privacy of consumers or citizens is often seen as an inefficient information asymmetry. We challenge this view by showing that privacy can increase welfare in an informational sense. It can also improve information aggregation and prevent inefficient statistical discrimination. We show how and when the different informational effects of privacy line up to make privacy efficient or even Pareto-optimal. Our theory can be applied to decide who should have which information and how privacy and information disclosure should be regulated. We discuss applications to online privacy, credit decisions and transparency in government.
Permanent Link: http://hdl.handle.net/11104/0317843
Number of the records: 1