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The General Data Protection Regulation (GDPR) came into effect in the European Union in May 2018. We study its short-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures, relative to their US counterparts. The negative...
Persistent link: https://www.econbiz.de/10012480899
This paper derives a preference for data privacy from consumers' temptation utility. This approach facilitates a welfare analysis of different data privacy regulations, such as the GDPR enacted by the European Union and the CCPA enacted by the state of California, when a fraction of the...
Persistent link: https://www.econbiz.de/10012481201
This paper studies the effects of the EU's General Data Protection Regulation (GDPR) on the ability of firms to collect consumer data, identify consumers over time, accrue revenue via online advertising, and predict their behavior. Utilizing a novel dataset by an intermediary that spans much of...
Persistent link: https://www.econbiz.de/10012482080
networks they create, as well as individual characteristics and media consumption choices …We survey the empirical literature in economics on the impact of media technologies on social capital. Motivated by a … social and political participation to interpersonal trust, in its benign and destructive manifestations. The impact of media …
Persistent link: https://www.econbiz.de/10012629450
We introduce information frictions into a tractable quantitative multi-country multi-sector model with global value chains. Producers in a sector do not perfectly observe contemporaneous shocks to other countries and sectors, and their output decisions respond to their idiosyncratic beliefs...
Persistent link: https://www.econbiz.de/10013210061
We document the immediate and long-term effects of violent media. Specifically, we evaluate the effects of The Ultimate …
Persistent link: https://www.econbiz.de/10012481823
opposite extreme beliefs resulting in severe polarization. Our results hold without media bias or fake news, so eliminating …
Persistent link: https://www.econbiz.de/10012482681
How people form beliefs is crucial for understanding decision-making under uncertainty. This is particularly true in a situation such as a pandemic, where beliefs will affect behaviors that impact public health as well as the aggregate economy. We conduct two survey experiments to shed light on...
Persistent link: https://www.econbiz.de/10012482699
Advances in communication technologies over the past half century have made the cultural goods of one country more readily available to consumers in another, raising concerns that cultural products from large economies - in particular the US - will displace the indigenous cultural products of...
Persistent link: https://www.econbiz.de/10012462688
This paper investigates the extent to which strategic objectives of the U.S. government influenced news coverage during the Cold War. We establish two relationships: 1) strategic objectives of the U.S. government cause the State Department to under-report human rights violations of strategic...
Persistent link: https://www.econbiz.de/10012462913