As e-commerce grows in popularity around the world, and consumers seek convenience, speed, and simplicity in their online transactions, digital payments are becoming increasingly indispensable. As more sophisticated payment solutions emerge and with this widespread adoption of digital payments,...

Since the 1990s, when marketers regularly adopted the strategy of face-to-face communication to gain clients' attention, there has been an unexpected change in the approaches used in marketing. Modern marketers must conduct in-depth research on the target audience before choosing the advertising...

Discussion on threats to the right to privacy and measures of its legal protection in a smart city. Analysis of legal provisions and socioeconomic context. There are significant threats to the right to privacy in a smart city, posed by both private and public entities. There are, however,...

We study the design of optimal Bayesian data acquisition mechanisms for a platform interested in estimating the mean of a distribution by collecting data from privacy-conscious users. In our setting, users have heterogeneous sensitivities for two types of privacy losses corresponding to local...

This paper examines some key features of the proposed European Union Data Act (European Commission, 2022a). It gives users of tangible digital products and devices access and portability rights to the data generated by their use. This is a pro-competitive measure that weakens the de-facto...

Exploiting the staggered adoption of data breach notification (DBN) laws, which obligate firms to disclose data breaches when they occur, as an exogenous shock to data breach disclosures, we find that the adoption of these laws leads to higher future stock price crash risk. The positive relation...

The EU's proposed Artificial Intelligence Act (AI Act) is meant to ensure safe AI systems in high-risk applications. The Act relies on human supervision of machine-learning algorithms, yet mounting evidence indicates that such oversight is not always reliable. In many cases, humans cannot...