Posted January 10, 2019 In The Benchmark

Andrej Sokolow/picture-alliance/dpa/AP Images
AP PhotoAndrej Sokolow/picture-alliance/dpa/AP Images

Synopsis of “Is data privacy a market failure?

Christopher Koopman, The Center for Growth and Opportunity at Utah State University’s Senior Director of Strategy and Research, explains that before federal data privacy policy should be created, it is important to examine and articulate assumed market failures in the realm. He states, “We need to determine if the market failures we are identifying rise to the level of warranting a federal regulatory intervention.”

Koopman then shows the importance of understanding what data privacy is (a concept that is both complicated and convoluted). He follows up with an examination of where market failures may exist in data privacy, acknowledging, “Each perceived market failure should be clearly articulated, the responses (both private and public) evaluated, and conclusions drawn from facts and data.”

Read “Is data privacy a market failure?