Private lives and public policies: confidentiality and accessibility of government statistics
Private lives and public policies: confidentiality and accessibility of government statistics
Building consumer trust online
Communications of the ACM
Communications of the ACM
Personalization versus Privacy: An Empirical Examination of the Online Consumer's Dilemma
Information Technology and Management
Journal of Management Information Systems - Special section: Strategic and competitive information systems
Information Systems Research
Journal of Management Information Systems
Journal of Management Information Systems
Journal of Management Information Systems
Journal of Management Information Systems
An Economic Analysis of the Software Market with a Risk-Sharing Mechanism
International Journal of Electronic Commerce
The Role of Push-Pull Technology in Privacy Calculus: The Case of Location-Based Services
Journal of Management Information Systems
No Free Lunch: Price Premium for Privacy Seal-Bearing Vendors
Journal of Management Information Systems
Proactive privacy practices in transition: Toward ubiquitous services
Information and Management
Hi-index | 0.00 |
Advances in information-acquisition technologies and the increasing strategic importance of this information have created a market for consumers' personal and preference information. Behavioral research suggests that consumers engage in a privacy calculus where they trade off their privacy costs from sharing information against their value from personalization. Through a formal economic model of this personalization-for-privacy (p4p) trade-off, we examine welfare implications by characterizing consumption utilities as "no-free-disposal" functions. We investigate the optimality of four regulatory regimes (through allowance/disallowance of usageenforcing technologies, and private contracts) by analyzing the strategic interaction between a monopolist who offers personalization services "free of charge" and two consumer types-privacy and convenience seekers. While many privacy watchdog groups have called for technology restrictions and more regulation, our research broadly suggests that society is better off with assignment of property rights over their information to consumers and full allowance of technological control and contractual abilities for the monopolist. However, when private contracts are proscribed, the regulator should also prevent the deployment of usage-enforcing technologies, particularly when the market is predominantly composed of privacy seekers. Interestingly, unlike traditional price-instrument markets for goods with free disposal, a regulator should not only encourage this market's knowledge of consumers' p4p preferences but also the various uses and benefits of preference information to the vendor.