The economics of social data
The economics of social data
复制标题
社会数据经济学
DOI:
10.1111/1756-2171.12407
复制
发表时间:
2022
期刊:
影响因子:
--
通讯作者:
Gan, Tan
中科院分区:
文献类型:
--
作者:
Bergemann, Dirk;Bonatti, Alessandro;Gan, Tan
A data intermediary acquires signals from individual consumers regarding their preferences. The intermediary resells the information in a product market wherein firms and consumers tailor their choices to the demand data. The social dimension of the individual data—whereby a consumer's data are predictive of others' behavior—generates a data externality that can reduce the intermediary's cost of acquiring the information. The intermediary optimally preserves the privacy of consumers' identities if and only if doing so increases social surplus. This policy enables the intermediary to capture the total value of the information as the number of consumers becomes large.