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The Willingness to Sell Personal Data

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  • Volker Benndorf
  • Hans‐Theo Normann

Abstract

We assess the willingness of individuals to sell personal data in laboratory experiments. Our experiments are novel in that they are incentivized, the focus on privacy issues is salient, and the use of the data is transparent and unambiguous. We find considerable heterogeneity in the data. Roughly one in six participants refuse to sell personal data at all and a similar fraction sell their data for 2.50 euros or less. Our results contrast with those from hypothetical questionnaires. Those willing to sell, request, on average, 15 euros for their contact details and 19 euros for their Facebook data.

Suggested Citation

  • Volker Benndorf & Hans‐Theo Normann, 2018. "The Willingness to Sell Personal Data," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(4), pages 1260-1278, October.
    • Handle: RePEc:bla:scandj:v:120:y:2018:i:4:p:1260-1278
    DOI: 10.1111/sjoe.12247
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