00000nam 2200000zi 4500 9.877094 CaOODSP 20221107164900 m o d f cr cn||||||||| 190726t20192019onca ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2019-24E-PDF Garratt, Rodney John,‏ 1963-‏. author. Privacy as a public good : a case for electronic cash / by Rodney J. Garratt and Maarten R. C. van Oordt. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 1 online resource (ii, 38 pages) : colour figure. text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff working paper, 1701-9397 ; 2019-24 "July 2019." Includes bibliographical references (pages 35-38). "Privacy is a feature inherent to the use of cash for payments. With steadily increasing market shares of commercial digital payments platforms, privacy in payments may no longer be attainable in the future. In this paper, we explore the potential welfare impact of reductions in privacy in payments in a dynamic framework. In our framework, firms may use data collected through payments to price discriminate among future customers. A public good aspect of privacy in payments arises because individual customers do not bear the full cost of failing to protect their privacy. As a consequence, they may suboptimally choose not to preserve their privacy in payments. When left to market forces alone, the use of privacy-preserving means of payments, such as cash, may decline faster than is optimal"--Abstract, page ii. gccst Privacy gccst Electronic commerce Van Oordt, Maarten R. C., author. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2019-24. (CaOODSP)9.806221 PDF 1.14 MB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-24-eng.pdf