The cybersecurity entrepreneur

Mark W. Hodgins ()
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Mark W. Hodgins: George Mason University

The Review of Austrian Economics, 2025, vol. 38, issue 3, No 3, 265-286

Abstract: Abstract Cybersecurity is a major U.S. policy issue with a sizable coalition asserting that self-regulation is failing, primarily due to rampant low quality security products and a dearth of threat information sharing. State intervention proponents, however, generally disregard the role of cybersecurity entrepreneurial activity in fixing disequilibria. My research identifies how entrepreneurs adeptly satisfy consumers’ cybersecurity preferences by developing strong self-regulating mechanisms where data valuations are relatively high. I then empirically examine how entrepreneurial innovations have ameliorated discoordination and significantly improved market outcomes over time through the application of the market process and price theory.

Keywords: Cybersecurity economics; Entrepreneurial discovery; Market process; Price theory; Regulation (search for similar items in EconPapers)
JEL-codes: B53 D83 K24 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11138-024-00641-7

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