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BCCP Conference and Policy Forum 2016: Session 1: Privacy Preferences in Digital Markets

Individuals value privacy, socializing, and disclosing. These conflicting actions raise important issues for individuals and regulators. This session surveys the economic foundations of privacy relying on insights from economic theory and empirical evidence. How much do consumers value privacy? Do (or should) consumers unambiguously strive for stronger privacy protection? How have businesses...

BCCP Conference and Policy Forum 2016: Session 2: Privacy Compliance: Regulation vs. Market Forces

Privacy concerns are receiving increased attention by both lawmakers and firms. What are firms doing to protect the privacy of their customers? Are firms responding to market forces? To regulatory pressure? To other forces? This panel will explore the interaction between regulation, markets and other forces, and its implications for optimal legal policy. Florencia Marotta-Wurgler Professor of...

BCCP Conference and Policy Forum 2016: Session 3: Data-driven Innovation

Unprecedented interconnectedness, data collection, and analytical capabilities are revolutionizing our interactions in society. Online platforms play a key role in this process as they shape the way consumers and firms use and commercialize the Internet. In data-driven platforms, product quality, for example search results and the targeting of advertisements, increases in the amount of data...

BCCP Conference and Policy Forum 2016: Policy Roundtable: Privacy in Competition and Consumer Policy

Privacy regulation in digital markets has been at the forefront of the policy debate on both sides of the Atlantic in the past years. This panel will discuss such issues as the EU-US Privacy Shield following the Safe Harbor ruling of the ECJ, the conditions for voluntary consumer consent to the processing of personal data, efforts to ensure individuals’ control over personal data collected by data...

BCCP Conference and Policy Forum 2016

Big data is transforming the world we live in. The instant availability of information impacts how individuals consume, how businesses thrive or fail, how society makes scientific discoveries, as well as how governments design and implement informed policies. At a pace and scale unanticipated 20 years ago, information technology is enabling consumers globally. Uncountable services make use of a...

Market Power and Heterogeneous Pass-through in German Electricity Retail

We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have higher market power, is only 50%, it increases to 70% in the competitive segment of the market. Although the pass-through ...

Local Loop Unbundling in the UK Does Not Affect Broadband Penetration - but It Does Lead to Better Service

Under an open access policy, incumbent broadband providers in all EU countries are required to let new market entrants access their networks through bitstream or local loop unbundling (LLU). This type of regulatory provision aims to increase competition among all broadband providers, and is strongly recommended in markets where the prohibitively high cost of setting up a distribution network means ...

Paying by the Hour: The Least Appealing Option for Clients of Lawyers

In this study, we analyze a client’s choice of contract in auctions where Dutch law firms compete for cases. The distinguishing feature is that lawyers may submit bids with any fee arrangement they wish. We find robust evidence that bids offering hourly rates are less attractive to clients. Our findings tentatively contradict lawyers’ often-made argument that hourly rates are in a client’s best in ...

Clients Prefer Flat Fee Contracts: Ten Questions to Jo Seldeslachts

All Consumers Can Benefit from an Open Access Policy in the Broadband Market: Five Questions to Mattia Nardotto