Universität zu Köln

Jann, Ole ORCID: 0000-0002-6198-3819 and Schottmüller, Christoph ORCID: 0000-0001-6059-1090 (2020). An informational theory of privacy. Econ. J., 130 (625). S. 93 - 125. OXFORD: OXFORD UNIV PRESS. ISSN 1468-0297

Full text not available from this repository.

Abstract

Privacy of consumers or citizens is often seen as an inefficient information asymmetry. We challenge this view by showing that privacy can increase welfare in an informational sense. It can also improve information aggregation and prevent inefficient statistical discrimination. We show how and when the different informational effects of privacy line up to make privacy efficient or even Pareto-optimal. Our theory can be applied to decide who should have which information and how privacy and information disclosure should be regulated. We discuss applications to online privacy, credit decisions and transparency in government.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Jann, Ole UNSPECIFIED orcid.org/0000-0002-6198-3819 UNSPECIFIED Schottmüller, Christoph UNSPECIFIED orcid.org/0000-0001-6059-1090 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-350642
DOI:	10.1093/ej/uez045
Journal or Publication Title:	Econ. J.
Volume:	130
Number:	625
Page Range:	S. 93 - 125
Date:	2020
Publisher:	OXFORD UNIV PRESS
Place of Publication:	OXFORD
ISSN:	1468-0297
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB Faculty of Management, Economics and Social Sciences > Economics > Microeconomics, Institutions and markets > Professorship for Microeconomics
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language CONSUMER PRIVACY; ECONOMICS; MARKETS Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/35064