Pricing and disseminating customer data with privacy awareness

Pricing and disseminating customer data with privacy awareness

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Article ID: iaor20141900
Volume: 59
Start Page Number: 63
End Page Number: 73
Publication Date: Mar 2014
Journal: Decision Support Systems
Authors: ,
Keywords: marketing, risk, decision
Abstract:

  • We develop a pricing scheme for a data owner to price and disseminate private data.
  • A data consumer is provided incentive to reveal his true purpose of data usage.
  • Our model departs from the ‘single crossing’ condition in the conventional model.
  • Our model uses two decision variables versus only one in the conventional model.
  • Our model shows how the price depends on the sensitivity and amount of the data.
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