The Economics of Privacy, Data Protection and Surveillance

M. Latzer and J.M. Bauer (eds.) Handbook on the Economics of the Internet, Cheltenham: Edward Elgar, Forthcoming

19 Pages Posted: 24 Nov 2013

See all articles by Ian Brown

Ian Brown

affiliation not provided to SSRN

Date Written: July 11, 2013

Abstract

This chapter first describes the standard economic analysis of privacy, data protection and surveillance, looking at the costs and benefits to different parties and the incentives each therefore has, as well as the aggregate social welfare impacts of their decisions. It then considers the market failures that can lead to non-optimal outcomes, including information asymmetries, negative externalities, and cognitive biases of individual decision-makers. Finally, it analyses the economic impact of various regulatory options for correcting these market failures, an important consideration given that most advanced and many emerging economies now have extensive systems of regulation in this area.

JEL Classification: A13, D11, D21, D23, D39, D43, D62, D63, D82, J78, K23, L51, L86, M30, O33, O38

Suggested Citation

Brown, Ian, The Economics of Privacy, Data Protection and Surveillance (July 11, 2013). M. Latzer and J.M. Bauer (eds.) Handbook on the Economics of the Internet, Cheltenham: Edward Elgar, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2358392

Ian Brown (Contact Author)

affiliation not provided to SSRN

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