Post by account_disabled on Mar 7, 2024 6:01:46 GMT -5
By focusing on the case of a transparent market our analysis provides a benchmark for how a well functioning market for consumer privacy should look like. It is worth noting however that transparency in the market does not yield better consumer privacy per se. It has often been suggested that transparency together with competition will discipline the amount of consumer information disclosed in the marketplace.
This view contends that lack of consumer privacy is a symptom of lack of transparency. Our analysis reveals that this need not be the case high disclosure services play an important role in a transparent market and informed consumers adjust their choices accordingly. Moreover when disclosure revenues exceed price revenues i.e. when advertisers willingness to pay exceeds that of consumers higher inten India Car Owner Phone Number List sity of competition can lead firms to increase Poland Mobile Number List the amount of information disclosed subsidizing consumers in exchange . In the market for consumer privacy transparency is better understood as disciplining the share of the privacy profit pie that accrues to consumers rather than disciplining the level of privacy they enjoy. disclosure practices salient and understandable to consumers are clearly desirable from a policy perspective but our results recommend caution on restricting the disclosure practices of firms.
How guarded are consumers with their personal information today Would you estimate that they have gotten more savvy and guarded over time A Consumers are becoming increasingly cautious with their personal information. In Western countries surveys of consumer attitudes towards privacy confirm this trend. Several factors are contributing to this. Consumer awareness of disclosure practices and familiarity with their implications have increased over time leading consumers to weigh more carefully the pros and cons of providing their personal information. Consumers have also learned that the disclosure commitments of firms change over time and are not always credible.
This view contends that lack of consumer privacy is a symptom of lack of transparency. Our analysis reveals that this need not be the case high disclosure services play an important role in a transparent market and informed consumers adjust their choices accordingly. Moreover when disclosure revenues exceed price revenues i.e. when advertisers willingness to pay exceeds that of consumers higher inten India Car Owner Phone Number List sity of competition can lead firms to increase Poland Mobile Number List the amount of information disclosed subsidizing consumers in exchange . In the market for consumer privacy transparency is better understood as disciplining the share of the privacy profit pie that accrues to consumers rather than disciplining the level of privacy they enjoy. disclosure practices salient and understandable to consumers are clearly desirable from a policy perspective but our results recommend caution on restricting the disclosure practices of firms.
How guarded are consumers with their personal information today Would you estimate that they have gotten more savvy and guarded over time A Consumers are becoming increasingly cautious with their personal information. In Western countries surveys of consumer attitudes towards privacy confirm this trend. Several factors are contributing to this. Consumer awareness of disclosure practices and familiarity with their implications have increased over time leading consumers to weigh more carefully the pros and cons of providing their personal information. Consumers have also learned that the disclosure commitments of firms change over time and are not always credible.
