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What Is Special in the Economics of Cybersecurity and Privacy?

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  • Jentzsch, Nicola

Abstract

One of the most popular questions in information security economics is whether there are any special features relating to privacy and cyber-security products and services that separate these from traditional goods, like apples or cars. This paper is a contribution to this discussion. First, different goods and services are compared to assess whether privacy and cyber-security are in fact different. Although basic, it is enlightening. We then discuss how economics treats key features and whether the observed differences justify any ‘special’ terminology.

Suggested Citation

  • Jentzsch, Nicola, 2015. "What Is Special in the Economics of Cybersecurity and Privacy?," EconStor Research Reports 126227, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esrepo:126227
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    File URL: https://www.econstor.eu/bitstream/10419/126227/1/Jentzsch_2015_What-Is-Special.pdf
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    References listed on IDEAS

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    4. Jentzsch, Nicola, 2016. "State-of-the-Art of the Economics of Cyber-Security and Privacy," EconStor Research Reports 126223, ZBW - Leibniz Information Centre for Economics.
    5. Benjamin Hermalin & Michael Katz, 2006. "Privacy, property rights and efficiency: The economics of privacy as secrecy," Quantitative Marketing and Economics (QME), Springer, vol. 4(3), pages 209-239, September.
    6. Kunreuther, Howard & Heal, Geoffrey, 2003. "Interdependent Security," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 231-249, March-May.
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