Business School a university for the real world

Event

12 September 2019

The School of Economics and Finance invites you to attend a seminar where Dr Zhuo Zhong from University of Melbourne will present on "The Economics of Data Ownership".

Abstract:

We analyze the consequences of different parties hold on consumers data in an economy with oligopoly firms. When firms own and do not sell the data, they keep secret their private consumer data, leading to efficiency loss. When consumers own and sell the data through an independent data vendor, the usage of data is more efficient. The latter improves the total surplus in equilibrium. Analyzing those settings quantifies the economic value of data and data ownership. Furthermore, we show that data ownership affects consumer behavior. Consumers move to markets where their consumption generates revenue from data sales.

Everyone is welome to attend.

For more information please see Dr Zhuo Zhong's website.

 

Date
12 September 2019 - 12 September 2019
Time
11:00am - 12:30pm
Location
Gardens Point Campus, Z Block, Level 8
Room
GP - Z808
Cost
Free to attend
Organisation
QUT School of Economics and Finance
Info
Dr Sean Wu
Phone
07 3138 4241
Email
sean.wu@qut.edu.au
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