Data and privacy: Putting Markets in (their) Place

Reetika Khera

No h7zc4, SocArXiv from Center for Open Science

Abstract: Should privacy be a tradeable right? It is believed that the economic opportunities presented by the rise of the digital technologies and of the digital economy on the one hand, and of data mining capabilities on the other, need to be harnessed. It is seen as a case of missing markets by some where appropriate markets with adequate rules and regulations should be put in place. In this paper, I argue that the creating market for personal data, amounts to creating a market for trading privacy. A market for personal data/ privacy has all the characteristics of what Debra Satz (2010) characterizes as “noxious markets”. Following others including Bowles, Hausman and MacPherson and Sandel, I argue that the market for personal data should be included in the debates on moral limits to markets.

Date: 2022-11-20
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Working Paper: Data and privacy: Putting Markets in (their) Place (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:h7zc4

DOI: 10.31219/osf.io/h7zc4

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