This chapter summarizes the fundamental questions underlying the economics of privacy. It highlights the tension between the multifaceted concept of privacy as commonly used in policy debates and its conceptualization as part of a utility function. The chapter then sets out new challenges for...

There is plenty of hype around big data, but does it simply offer operational advantages, or can it provide firms with sustainable competitive advantage? To answer this question, we look at big data using a classic framework called the 'resource-based view of the firm,' which states that, for...

How does firm size affect privacy protections offered to customers? On the one hand, it could be that larger firms use their size to amass more data. On the other hand, smaller firms may be less careful in their data protection practices. We empirically analyze a special subset of apps where...