We provide an overview of the economic analysis of the protection and revelation of personal data. In particular, we (1) describe the evolution of the economic theory of privacy, (2) examine privacy-related trade-offs for data subjects and data holders, and (3) highlight the current economic debate on privacy protection. ∗Heinz College, Carnegie Mellon University, Pittsburgh, PA; acquisti@andre...

Due to the sublimation and perfection of human knowledge in economics, the concept of efficiency developed in the past two decades and the measurement of it, based on different theories and practice. In economics, efficiency means the maximum of possible output from a certain amount of input. The efficiency is very important for developing countries Because these countries face to a shortage of...