Economics Webinar - Paying Consumers for Their Data: An Economic Analysis of Data Collection and Digital Privacy

10:00am - 11:30am
Online via Zoom

This paper addresses two questions: What is the economic nature of consumer data, and how should consumers be compensated for their data? We develop a theoretical model to analyze compensation mechanisms for consumer data collection. Digital platforms provide essential digital services and subsequently collect consumer data for monetization. Our analysis sheds light on the interdependence between data collection and digital service provision, and explores the nature of cross-subsidization in the design of compensation mechanisms. We examine the optimal uniform compensation scheme by a monopolistic digital platform and the constrained optimum under various constraints, providing policy implications for digital privacy regulations.

Event Format
Speakers / Performers:
Prof. Zhijun Chen
Monash University

https://research.monash.edu/en/persons/zhijun-chen

Language
English
Recommended For
Alumni
Faculty and staff
PG students
Organizer
Department of Economics
Contact

Julie Wong via email: fnjuwong@ust.hk

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