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Displaying results 1 to 6 of 6.

  1. The bright side of the GDPR
    welfare-improving privacy management
    Author: Choe, Chongwoo; Matsushima, Noriaki; Shekhar, Shiva
    Published: August 2023
    Publisher:  CESifo, Munich, Germany

    We study the GDPR's opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service as well as the privacy costs incurred when sharing personal data with the... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 63
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    We study the GDPR's opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service as well as the privacy costs incurred when sharing personal data with the firm. We show that the GDPR boosts demand for the service by allowing consumers with high privacy costs to buy the service without sharing data. The increased demand leads to a higher price but a smaller quantity of shared data. If the firm's revenue is largely usage-based rather than data-based, then both the firm's profit and consumer surplus increase after the GDPR, implying that the GDPR can be welfare-improving. But if the firm's revenue is largely from data monetization, then the GDPR can reduce the firm's profit and consumer surplus.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279368
    Series: CESifo working papers ; 10617 (2023)
    Subjects: GDPR; opt-in; opt-out; privacy management; welfare
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  2. Digital privacy
    GDPR and its lessons for Australia
    Author: Das Chaudhury, Ratul; Choe, Chongwoo
    Published: [2022]
    Publisher:  [Monash University, Monash Business School, Department of Economics], [Clayton]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / Monash University, Department of Economics ; no. 2022, 19
    Subjects: digital privacy; GDPR; opt-in
    Scope: 1 Online-Ressource (circa 20 Seiten), Illustrationen
  3. Organizational barriers to transforming large finance corporations
    cloud adoption and the importance of technological architecture
    Author: Cao, Sam (Ruiqing); Iansiti, Marco
    Published: December 2022
    Publisher:  CESifo, Munich, Germany

    This paper studies the impact of technological architecture around data storage and processing on the performance of large financial corporations after being exposed to more stringent data privacy regulations. A modular approach to cloud adoption -... more

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    This paper studies the impact of technological architecture around data storage and processing on the performance of large financial corporations after being exposed to more stringent data privacy regulations. A modular approach to cloud adoption - which reflects in the lack of data interoperability and reliance on microservices architecture - significantly constrains corporations' ability to adapt after the GDPR became enforceable. We hypothesize that a modular approach to cloud adoption leads to uncontrolled scaling and data silos that hinder coordination and regulatory compliance. Using a difference-in-differences regression design, we find that establishment revenues lower by 30% among corporations substantially exposed to GDPR. Other corporations do not experience similar losses. We also find evidence consistent with theory using two alternative measures based on cloud vendor configurations.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271786
    Edition: Original version: December 2022, this version: February 2023
    Series: CESifo working papers ; 10142 (2022)
    Subjects: technological architecture; cloud computing; ecosystem; GDPR; organisation design
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  4. Regulatory compliance with limited enforceability
    evidence from privacy policies
    Author: Ganglmair, Bernhard; Krämer, Julia; Gambato, Jacopo
    Published: [2024]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to disclose, in accessible language, details of their data collection, processing, and use. The specifics of the disclosure requirement... more

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    The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to disclose, in accessible language, details of their data collection, processing, and use. The specifics of the disclosure requirement are objective, and its compliance is easily verifiable; readability, however, is subjective and difficult to enforce. We use a simple inspection model to show how this asymmetric enforceability of regulatory rules and the corresponding firm compliance are linked. We then examine this link empirically using a large sample of privacy policies from German firms. We use text-as-data techniques to construct measures of disclosure and readability and show that firms increased the disclosure volume, but the readability of their privacy policies did not improve. Larger firms in concentrated industries demonstrated a stronger response in readability compliance, potentially due to heightened regulatory scrutiny. Moreover, data protection authorities with larger budgets induce better readability compliance without effects on disclosure.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/289447
    Series: Discussion paper / ZEW ; no. 24, 012 (03/2024)
    Subjects: data protection; disclosure; GDPR; privacy policies; readability; regulation; text-as-data; topic models
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  5. Data, privacy laws and firm production
    evidence from the GDPR
    Author: Demirer, Mert; Jiménez Hernández, Diego; Li, Dean; Peng, Sida
    Published: [2024]
    Publisher:  Federal Reserve Bank of Chicago, [Chicago, Illinois]

    By regulating how firms collect, store, and use data, privacy laws may change the role of data in production and alter firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU's General Data... more

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    By regulating how firms collect, store, and use data, privacy laws may change the role of data in production and alter firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU's General Data Protection Regulation (GDPR) by using seven years of data from a large global cloudcomputing provider. Our difference-in-difference estimates indicate that, in response to the GDPR, EU firms decreased data storage by 26% and data processing by 15% relative to comparable US firms, becoming less "data-intensive." To estimate the costs of the GDPR for firms, we propose and estimate a production function where data and computation serve as inputs to the production of "information." We find that data and computation are strong complements in production and that firm responses are consistent with the GDPR representing a 20% increase in the cost of data on average. Variation in the firm-level effects of the GDPR and industry-level exposure to data, however, drives significant heterogeneity in our estimates of the impact of the GDPR on production costs.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/284087
    Series: [Working paper] / Federal Reserve Bank of Chicago ; WP 2024, 02 (January 26, 2024)
    Subjects: privacy laws; production function; GDPR; data; cloud computing
    Scope: 1 Online-Ressource (circa 99 Seiten), Illustrationen
  6. The bright side of the GDPR: welfare-improving privacy management
    Author: Choe, Shongwoo; Matsushimaz, Noriaki; Shekhar, Shiva
    Published: Sept 2023
    Publisher:  Tilburg University, TILEC, [Tilburg]

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Keine Rechte
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    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: TILEC discussion paper ; DP 2023, 15
    Subjects: GDPR; opt-in; opt-out; privacy management; welfare
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen