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We analyze personal data protection laws in the United States through the lenses of the economic theories of ex ante safety regulation, ex post liability and information disclosure. Specifically, we consider and contrast how legal and economic theories interpret privacy costs and the remedies to...
Persistent link: https://www.econbiz.de/10014199921
Many modern-day Americans think about legal rights in a dualistic fashion. "Personal rights" fall on one side of the divide, while "property rights" fall on the other, and these categories of rights often are deemed to be separate and distinct. This essay, which introduces a symposium on...
Persistent link: https://www.econbiz.de/10014212219
In 1890, when Louis Brandeis and Samuel Warren wrote their seminal work on The Right to Privacy, Japan did not have a word for the concept. Scholars settled on puraibashii a transliteration as opposed to translation, of the word privacy. Today, privacy is closely guarded in Japan; the European...
Persistent link: https://www.econbiz.de/10014346177
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As businesses and other entities have sought to collect more personal data on individuals, the public has pushed back, and lawmakers throughout the United States and elsewhere have responded by passing data protection laws. Recent data protection laws passed by the European Union and by several...
Persistent link: https://www.econbiz.de/10012893073
This essay is based on a featured lecture that I gave as part of the Cardozo Arts & Entertainment Law Journal's 2 symposium on a proposed right of publicity law in New York. The essay draws from my recent book, The Right of Publicity: Privacy Reimagined for a Public World, published by Harvard...
Persistent link: https://www.econbiz.de/10012914541
This paper considers why awards of gain-based relief for breach of privacy are uncommon. There are three reasons for this. First, there are arguably two possible measures of gain-based relief: the reasonable fee and the account of profits. In relation to the latter, the account of profits is a...
Persistent link: https://www.econbiz.de/10012919939
Against a backdrop of annual data breaches compromising approximately one billion global records and an average data breach cost of nearly six billion dollars, the absence of clear US federal strategy for data breach notification and security requirements threatens both consumer privacy and...
Persistent link: https://www.econbiz.de/10012971367
Persistent link: https://www.econbiz.de/10013036147
I examine how firms strategically bundle news reports to offset the negative effects of a privacy breach disclosure. Using a complete dataset of privacy breaches from 2005 to 2014, I find that firms experience a small and significant 0.27% decrease in their stock price on average following the...
Persistent link: https://www.econbiz.de/10013022381