This Article 
   
 Share 
   
 Bibliographic References 
   
 Add to: 
 
Digg
Furl
Spurl
Blink
Simpy
Google
Del.icio.us
Y!MyWeb
 
 Search 
   
What Is Information Worth?
January/February 2011 (vol. 9 no. 1)
pp. 88-90
ASCII Text
x 
 
Michael Lesk, "What Is Information Worth?," IEEE Security & Privacy, vol. 9, no. 1, pp. 88-90, January/February, 2011.
 
 
BibTex
x
 
@article{ 10.1109/MSP.2011.23,
author = {Michael Lesk},
title = {What Is Information Worth?},
journal ={IEEE Security & Privacy},
volume = {9},
number = {1},
issn = {1540-7993},
year = {2011},
pages = {88-90},
doi = {http://doi.ieeecomputersociety.org/10.1109/MSP.2011.23},
publisher = {IEEE Computer Society},
address = {Los Alamitos, CA, USA},
}
 
 
RefWorks Procite/RefMan/Endnote
x 
 
TY - MGZN
JO - IEEE Security & Privacy
TI - What Is Information Worth?
IS - 1
SN - 1540-7993
SP88
EP90
EPD - 88-90
A1 - Michael Lesk,
PY - 2011
KW - consumer surplus
KW - information value
KW - pricing
KW - security
KW - privacy
VL - 9
JA - IEEE Security & Privacy
ER -
 
Michael Lesk, Rutgers University
Information can provide enormous consumer value, but it might be impossible for a vendor to recover enough of it. The search for good business models for information services requires understanding the real economic benefits of information.

1. D. Brownstone and K.A. Small, "Valuing Time and Reliability: Assessing the Evidence from Road Pricing Demonstrations," Transportation Research Part A: -Policy and Practice, vol. 39, no. 4, 2005, pp. 279–293.
2. A. Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, book 1, chapter 4, Methuen, 1776.
3. J.R. Brown and A. Goolsbee, "Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," J. Political Economy, vol. 110, no. 3, 2002 ), pp. 481–507.
4. E. Brynjolfsson, Y. Hu, and M.D. Smith, "Consumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers," Management Science, vol. 49, no. 11, 2003, pp. 1580–1596.
5. R. Jensen, "The Digital Provide: Information (Technology), Market Performance and Welfare in the South Indian Fisheries Sector," Quarterly J. Economics, vol. 122, no. 3, 2007, pp. 879–924.
6. F.S. Morton, F. Zettelmeyer, and J. Silva-Risso, "Internet Car Retailing," J. Industrial Economics, vol. 49, no. 4, 2001, pp. 501–519.
7. R. Cebul et al., "Unhealthy Insurance Markets: Search Frictions and the Cost and Quality of Health Insurance," NBER Working Paper Series, no. W14455, 2008; http://ssrn.comabstract=1294130.
8. H.R. Varian, "Online Ad Auctions," Am. Economic Rev., vol. 99, no. 2, 2009, pp. 430–34.
9. H.R. Varian, Google Economic Impact, Google, 2010; www.google.comeconomicimpact.
10. "Symantec Report on the Underground Economy," white paper, Symantec, Nov. 2008; http://eval.symantec.com/mktginfo/enterprise/ white_papersb-whitepaper_underground_economy_report_11-2008-14525717.en-us.pdf .
11. A. Goolsbee and P.J. Klenow, "Valuing Consumer Products by the Time Spent Using Them: An Application to the Internet," NBER Working Paper Series, no. 11995, 2006.
12. G.L. Evans, "The Economics of the National Performing Arts—Exploiting Consumer Surplus and Willingness-to-Pay: A Case of Cultural Policy Failure?" Leisure Studies, vol. 18, no. 2, 1999, pp. 97–118.
13. M. Yglesias, "The Consumer Surplus Era," blog, 21 Oct. 2010; http://yglesias.thinkprogress.org/2010/10 the-consumer-surplus-era/.

Index Terms:
consumer surplus, information value, pricing, security, privacy
Citation:
Michael Lesk, "What Is Information Worth?," IEEE Security & Privacy, vol. 9, no. 1, pp. 88-90, Jan.-Feb. 2011, doi:10.1109/MSP.2011.23
Usage of this product signifies your acceptance of the Terms of Use.