How Chinese Web Users Value Their Personal Information: An Empirical Study on WeChat Users

References

• Casadesus-Masanell R, Hervas-Drane A. Competing with privacy. Manage Sci. 2015;61:229–246.
   Web of Science ®Google Scholar
• Varian HR. Economic aspects of personal privacy. In: Lehr W, Pupillo L, editors. Internet Policy and Economics. Boston, MA: Springer; 2009:101–109.
   Google Scholar
• Jones CI, Tonetti C. Nonrivalry and the economics of data. Am Econ Rev. 2020;110(9):2819–2858.
   Web of Science ®Google Scholar
• World Economic Forum, Personal data: The emergence of a new asset class. Available from: http://www3.weforum.org/docs/WEF_ITTC_PersonalDataNewAsset_Report_2011.pdf., 2011. Accessed October 3, 2020.
   Google Scholar
• Spiekermann S, Acquisti A, Böhme R, Hui KL. The challenges of personal data markets and privacy. Electron Market. 2015;25:161–167.
   Web of Science ®Google Scholar
• Economides N, Lianos I Restrictions on privacy and exploitation in the digital economy: a competition law perspective. 2019. Available from: https://ssrn.com/abstract=3474454.
   Google Scholar
• Gemalto. 2017 Breach level index. Available from: https://www6.thalesgroup.com/breach-level-index-2017-h1-report?utm_medium=press-release&utm_campaign=bli-lp-report/. Accessed August 30, 2020.
   Google Scholar
• CNNIC. 2013 Chinese netizens’ information security annual report. Available from: http://www.cnnic.cn/hlwfzyj/hlwxzbg/mtbg/201312/P020131219359905417826.pdf/. Accessed August 30, 2020.
   Google Scholar
• Noam EM. Privacy and self-regulation: markets for electronic privacy. In: Wellbery, BS(ed.) Privacy and Self-Regulation in the Information Age.1997:21–33.
   Google Scholar
• Laudon K Extensions to the theory of markets and privacy: mechanics of pricing information. New York University Stern School of Business. Working Paper. 1997. IS-97-4.
   Google Scholar
• Aperjis C, Huberman BA A market for unbiased private data: Paying individuals according to their privacy attitudes. 2012.
   Google Scholar
• Schwartz PM. Property, Privacy, and Personal Data. Harv L Rev. 2004;117:2056–2128.
   Web of Science ®Google Scholar
• Peiru C, Xixin W. On personality protection and financial incentive of personal information protection. J Comparative Law. 2020;1:8.
   Google Scholar
• Acquisti A. The economics of personal data and the economics of privacy. Economics. 2010;11:24.
   Google Scholar
• Acquisti A. The economics and behavioral economics of privacy. In: Lane J, Stodden V, Bender S, Nissenbaum H, editors. Privacy, Big Data, and the Public Good: Frameworks for Engagement. Vol. 1. Cambridge, UK: Cambridge University Press; 2014:76–95.
   Google Scholar
• OECD. Exploring the economics of personal data: a survey of methodologies for measuring monetary value. In OECD digital economy papers. Paris: OECD. 2013.
   Google Scholar
• Spiekermann S, Korunovska J, Bauer C Psychology of ownership and asset defense: why people value their personal information beyond privacy. SSRN 2148886. 2012.
   Google Scholar
• Acquisti A, John LK, Loewenstein G. What is privacy worth? J Legal Stud. 2013;42:249.
   Web of Science ®Google Scholar
• Grossklags J, Acquisti A. When 25 Cents is Too Much: An Experiment on Willingness-To-Sell and Willingness-To-Protect Personal Information. WEIS; 2007.
   Google Scholar
• Isoni A. The willingness-to-accept/willingness-to-pay disparity in repeated markets: loss aversion or ‘bad-deal’aversion? Theory Decis. 2011;71:409–430.
   Web of Science ®Google Scholar
• Horowitz JK, McConnell KE. A review of WTA/WTP studies. J Environ Econ Manage. 2002;44:426–447.
   Web of Science ®Google Scholar
• Danezis G, Lewis S, Anderson RJ How much is location privacy worth? In Proceedings of WEIS. 2005;5.
   Google Scholar
• John LK, Acquisti A, Loewenstein G. Strangers on a plane: context-dependent willingness to divulge sensitive information. J Cons Res. 2011;37:858–873.
   Web of Science ®Google Scholar
• Malhotra NK, Kim SS, Agarwal J. Internet users’ information privacy concerns (IUIPC): the construct, the scale, and a causal model. Inf Sys Res. 2004;15:336–355.
   Web of Science ®Google Scholar
• Kahneman D, Tversky A. Prospect theory: an analysis of decision under risk. In: Handbook of the Fundamentals of Financial Decision Making. Vol. Part I. 2013:99–127.
   Google Scholar
• Thaler R. Toward a positive theory of consumer choice. J Econ Behav Organ. 1980;1:39–60.
   Web of Science ®Google Scholar
• Vickrey W. Counterspeculation, auctions, and competitive sealed tenders. J Finance. 1961;16:8–37.
   Web of Science ®Google Scholar
• Levy JS. An introduction to prospect theory. Polit Psychol. 1992;13:171–186.
   Web of Science ®Google Scholar
• Barberis N, Huang M, Santos T. Prospect theory and asset prices. Q J Econ. 2001;116:1–53.
   Web of Science ®Google Scholar
• Barberis NC. Thirty years of prospect theory in economics: a review and assessment. J Econ Perspect. 2013;27:173–196.
   Web of Science ®Google Scholar
• Acquisti A Privacy in electronic commerce and the economics of immediate gratification. Proceedings of the 5th ACM conference on Electronic commerce. 2004:21–29.
   Google Scholar
• Smith HJ, Milberg SJ, Burke SJ. Information privacy: measuring individuals’ concerns about organizational practices. MIS Quarterly. 1996;167–196.
   Web of Science ®Google Scholar
• Campbell AJ. Relationship marketing in consumer markets: a comparison of managerial and consumer attitudes about information privacy. J Direct Mark. 1997;11:44–57.
   Google Scholar
• Youn S. Determinants of online privacy concern and its influence on privacy protection behaviors among young adolescents. J Consum Aff. 2009;43:389–418.
   Web of Science ®Google Scholar
• Moscardelli DM, Divine R. Adolescents’ concern for privacy when using the Internet: an empirical analysis of predictors and relationships with privacy‐protecting behaviors. Fam Consum Sci Res J. 2007;35:232–252.
   Google Scholar
• Rifon NJ, LaRose R, Lewis ML Resolving the privacy paradox: toward a social-cognitive theory of consumer privacy protection. Available from: http://www.msu.edu/∼wirthch1/privacyparadox07.pdf. Accessed October 20, 2008.
   Google Scholar
• Rifon NJ, LaRose R, Lewis ML. Your privacy is sealed: effects of web privacy seals on trust and personal disclosures. J Consum Aff. 2005;39:339–362.
   Web of Science ®Google Scholar
• Shapiro C. Premiums for high quality products as returns to reputations. Q J Econ. 1983;98:659–679.
   Web of Science ®Google Scholar
• Mai B, Menon N, Sarkar S Online privacy at a premium. In Proceedings of the 39th Annual Hawaii International Conference on System Sciences (2006) (HICSS’06) (vol. 6, pp. 120c–120c). IEEE.
   Google Scholar
• Tsai J, Egelman S, Cranor L, Acquisti A. The effect of online privacy information on purchasing behavior: an experimental study. Inf Syst Res. 2011;22:254–268.
   Web of Science ®Google Scholar
• Hann IH, Hui KL, Lee SYT, Png IP. Overcoming online information privacy concerns: an information-processing theory approach. J Manage Inf Sys. 2007;24:13–42.
   Web of Science ®Google Scholar
• Krasnova H, Hildebrand T, Guenther O Investigating the value of privacy on online social networks: conjoint analysis. In: Proceedings of the International Conference on Information Systems (2009) (ICIS paper 173.)
   Google Scholar
• Victor JM. The EU general data protection regulation: toward a property regime for protecting data privacy. Yale LJ. 2013;123:513.
   Web of Science ®Google Scholar
• Cichy P, Salge TO, Kohli R Extending the privacy calculus: the role of psychological ownership. 2014.
   Google Scholar
• Huberman BA, Adar E, Fine LR. Valuating privacy. IEEE Secur Priv. 2005;3:22–25.
   Web of Science ®Google Scholar
• Wheeless LR. A follow‐up study of the relationships among trust, disclosure, and interpersonal solidarity. Hum Comm Res. 1978;4:143–157.
   Google Scholar
• Livingstone S. Taking risky opportunities in youthful content creation: teenagers’ use of social networking sites for intimacy, privacy and self-expression. New Media Soc. 2008;10:393–411.
   Web of Science ®Google Scholar
• Yang CC, Brown BB. Online self-presentation on Facebook and self-development during the college transition. J Youth Adolesc. 2016;45:402–416.
   PubMed Web of Science ®Google Scholar
• iiMedia Research. 2019 China mobile social industry special report. Available from: https://report.iimedia.cn/repo13-0/38891.html/. Accessed 13 Aug 2020.
   Google Scholar
• Pierce JL, Kostova T, Dirks KT. The state of psychological ownership: integrating and extending a century of research. Rev Gen Psychol. 2003;7:84–107.
   Web of Science ®Google Scholar
• Bauer C, Korunovska J, Spiekermann S On the value of information-what Facebook users are willing to pay. ECIS 2012 Proceedings (2012).
   Google Scholar
• Pearce D, Atkinson G, Mourato S. Cost-Benefit Analysis and the Environment: Recent Developments. Organisation for Economic Co-operation and development; 2006.
   Google Scholar