00000nam 2200000zi 4500 9.889140 CaOODSP 20221107172209 m o d f cr |n||||||||| 200709t20202020oncd ob f000 0 eng d CaOODSP eng rda CaOODSP eng fre n-cn--- FB3-5/2020-28E-PDF Ichihashi, Shota, author. Non-competing data intermediaries / by Shota Ichihashi. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (iii, 43 pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-28 Cover title. "Last updated: July 6, 2020." Includes bibliographical references (pages 27-31). "I study a model of competing data intermediaries (e.g., online platforms and data brokers) that collect personal data from consumers and sell it to downstream firms. Competition in this market has a limited impact in terms of benefits to consumers: If intermediaries offer high compensation for their data, then consumers may share this data with multiple intermediaries, and this lowers its downstream price and hurts intermediaries. As intermediaries anticipate this problem, they offer low compensation for this data. Competing intermediaries can earn a monopoly profit if and only if firms’ data acquisition unambiguously hurts consumers. I generalize the results to include arbitrary consumer preferences and study the information design of data intermediaries. The results provide new insights into when competition among data intermediaries benefits consumers. It also highlights the limits of competition in terms of improving efficiency in the market for data"--Abstract. Includes abstract in French. Consumers Databases. Consommateurs Bases de données. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2020-28. (CaOODSP)9.806221 PDF 584 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-28-eng.pdf