The Value of Data Records

IF 5.9 1区经济学 Q1 ECONOMICS

Review of Economic Studies Pub Date : 2023-04-12 DOI:10.1093/restud/rdad044

Simone Galperti, Aleksandr Levkun, Jacopo Perego

引用次数: 0

Abstract

Abstract Many e-commerce platforms use buyers’ personal data to intermediate their transactions with sellers. How much value do such intermediaries derive from the data record of each single individual? We characterize this value and find that one of its key components is a novel externality between records, which arises when the intermediary pools some records to withhold the information they contain. Our analysis has several implications about compensating individuals for the use of their data, guiding companies’ investments in data acquisition, and more broadly studying the demand side of data markets. Our methods combine modern information design with classic duality theory and apply to a large class of principal-agent problems.

查看原文本刊更多论文

数据记录的价值

许多电子商务平台使用买家的个人数据作为他们与卖家交易的中介。这些中介机构从每个人的数据记录中获得了多少价值?我们描述了这个值，并发现它的一个关键组成部分是记录之间的一种新的外部性，当中介将一些记录池起来以保留它们所包含的信息时，就会出现这种情况。我们的分析对补偿个人使用他们的数据，指导公司在数据获取方面的投资，以及更广泛地研究数据市场的需求方有几个含义。我们的方法将现代信息设计与经典对偶理论相结合，并应用于一类大型委托-代理问题。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Review of Economic Studies ECONOMICS-

CiteScore

10.40

自引率

3.40%

发文量

期刊介绍： Founded in 1933 by a group of young British and American economists, The Review of Economic Studies aims to encourage research in theoretical and applied economics, especially by young economists. Today it is widely recognised as one of the core top-five economics journals. The Review is essential reading for economists and has a reputation for publishing path-breaking papers in theoretical and applied economics. The Review is committed to continuing to publish strong papers in all areas of economics. The Editors aim to provide an efficient and high-quality review process to the Review''s authors. Where articles are sent out for full review, authors receive careful reports and feedback. Since 1989 The Review has held annual May Meetings to offer young students in economics and finance the chance to present their research to audiences in Europe.