Markets and Privacy

In this paper we experimentally compare the welfare efficiency of ‘information markets’ – markets where consumer information can be traded, to markets where no trade in information take place. Consumers face a loss in privacy when revealing personal information and take this loss into account before deciding to trade their information. The experimental setting allows us to set up agent incentives, and market institutions, so as to study different policy proposals regarding the use of personal information.

• Type: Conference
• Year: 1993
• Where: ICIS
• Authors: Kenneth C. Laudon
• Keywords: ICIS 1993, ICIS 2001, Personal Information, Welfare Efficiency, ‘information Markets