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International Protection of Consumer Data
09:00-11:00, Tuesday, June 15, 2021
Center for Industrial and Business Organization (CIBO), DUFE（东北财经大学产业组织与企业组织研究中心）
Institute for Advanced Economic Research (IAER), DUFE（东北财经大学高等经济研究院）
Committee for Discipline Construction of Industrial Economics, China Society of Industrial Economics（中国工业经济学会产业经济学学科建设专业委员会）
Dr. Xinyu Hua is an Associate Professor of Economics at The Hong Kong University of Science and Technology (HKUST). He received his Ph.D. in Managerial Economics and Strategy from Kellogg School of Management at Northwestern University. His main research areas are Industrial Organization, Law and Economics, and Contract Theory. He has published in Journals including International Economic Review and RAND Journal of Economics. He also serves as an associate editor at RAND Journal of Economics and the Acting Co-Head of the MBA+ Thrust at HKUST (Guangzhou).
We study the international protection of consumer data in a model where data from product sales generate additional revenue to firms but disutility to consumers. When data usage lacks transparency, a firm suffers a commitment problem and overuses consumer data. Greater transparency enables the firm to commit to less data usage, which boosts consumer demand and leads to a higher price but also higher output if the firm operates only in one country. A multinational firm faces more challenges when balancing the trade-offs in data usage across countries that differ in consumer preferences for privacy. Contrary to the result for a single country, more transparency can exacerbate data-usage and output distortions in the global economy, and unilateral data regulation by a country may reduce global welfare. There can be substantial gains from international coordination-though not necessarily uniformity-of data regulations.
For more information of the seminar, scan the following QR code(s) to join Tencent QQ group (904 544 292) or WeChat group named "IAER Seminar (2)", please.
WeChat Group (QR code is valid until 6/14/2021)