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An informational theory of privacy
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SYSNO ASEP 0524652 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title An informational theory of privacy Author(s) Jann, Ole (NHU-N)
Schottmüller, C. (DE)Source Title Economic Journal. - : Oxford University Press - ISSN 0013-0133
Roč. 130, č. 625 (2020), s. 93-124Number of pages 32 s. Language eng - English Country GB - United Kingdom Keywords price discrimination ; privacy ; uniform pricing Subject RIV AH - Economics OECD category Economic Theory Method of publishing Limited access Institutional support NHU-N - RVO:67985998 UT WOS 000546130400005 EID SCOPUS 85081722360 DOI 10.1093/ej/uez045 Annotation 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2021 Electronic address https://doi.org/10.1093/ej/uez045
Number of the records: 1