Various scientific and technological developments that promise to improve the overall standard of living are often impose certain risks for users. Previous studies have shown that consumers rely on regulatory institutions to mitigate these risks and trust companies and their services. This paper...

In this research, willingness to pay to prevent a leak of personal data–namely, the person's name, address, email address, and video viewing history-and also the willingness to accept compensation in the event of a leak of this data were estimated using the contingent valuation method. From...

We study platform design in online markets in which buying involves a (non-monetary) cost for consumers caused by privacy and security concerns. Firms decide whether to require registration at their website before consumers learn the price and all relevant product information. We show that a...