Data collection: Striking a balance between profits and consumer welfare

04/21/2022 10:30 am 04/21/2022 12:00 pm Australia/Melbourne Data collection: Striking a balance between profits and consumer welfare

When it comes to sharing private information, sellers and consumers have conflicting interests.

Sellers want to gather information about consumers to set the price of their products, while consumers need information about sellers to decide what and how much personal data they are prepared to share with them.

Withholding their own private information may allow sellers to collect more consumer data and boost efficiency and profits, but at the expense of the consumer’s best interests.

Hear from Bank of Canada senior economist Dr Shota Ichihashi about the broader economic impacts of personal data sharing.

Speaker

Dr Shota Ichihashi, Senior Economist, Bank of Canada

Dr Ichihashi’s research focuses on microeconomic theory, game theory and the economics of the internet. Most recently, he theoretically analysed the economic impact of personal data sharing by consumers. His work has appeared in leading journals such as American Economic Review, AEJ: Micro, and Rand Journal of Economics.

Host

Dr Chengsi Wang, Department of Economics, Monash Business School.

Organised by

The Centre for Global BusinessDigital Economy Research Network (DERN) at Monash Business School, in partnership with Hong Kong Baptist University, National Taiwan University , and Renmin University of China.

Join the Zoom meeting

Click this link to join the Zoom meeting, or go to Zoom and enter meeting ID 89210995290 and passcode 721658.

Event Details

Date:
21 April 2022 at 10:30 am – 12:00 pm
Venue:
Online (Zoom)
Categories:
Global Business; Digital Economy Research Network

Description

When it comes to sharing private information, sellers and consumers have conflicting interests.

Sellers want to gather information about consumers to set the price of their products, while consumers need information about sellers to decide what and how much personal data they are prepared to share with them.

Withholding their own private information may allow sellers to collect more consumer data and boost efficiency and profits, but at the expense of the consumer’s best interests.

Hear from Bank of Canada senior economist Dr Shota Ichihashi about the broader economic impacts of personal data sharing.

Speaker

Dr Shota Ichihashi, Senior Economist, Bank of Canada

Dr Ichihashi’s research focuses on microeconomic theory, game theory and the economics of the internet. Most recently, he theoretically analysed the economic impact of personal data sharing by consumers. His work has appeared in leading journals such as American Economic Review, AEJ: Micro, and Rand Journal of Economics.

Host

Dr Chengsi Wang, Department of Economics, Monash Business School.

Organised by

The Centre for Global BusinessDigital Economy Research Network (DERN) at Monash Business School, in partnership with Hong Kong Baptist University, National Taiwan University , and Renmin University of China.

Join the Zoom meeting

Click this link to join the Zoom meeting, or go to Zoom and enter meeting ID 89210995290 and passcode 721658.