Privacy as a public good : a case for electronic cash / by Rodney J. Garratt and Maarten R. C. van Oordt.: FB3-5/2019-24E-PDF
"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.
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publications.gc.ca/pub?id=9.877094&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Privacy as a public good : a case for electronic cash / by Rodney J. Garratt and Maarten R. C. van Oordt. |
| Series title | Bank of Canada staff working paper, 1701-9397 ; 2019-24 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "July 2019." Includes bibliographical references (pages 35-38). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 |
| Author / Contributor | Garratt, Rodney John, 1963-. author. Van Oordt, Maarten R. C., author. |
| Description | 1 online resource (ii, 38 pages) : colour figure. |
| Catalogue number |
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| Subject terms | Privacy Electronic commerce |
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