We study the effects of property rights over the use of data on market outcomes. To do so, we consider a model in which a monopolistic firm offers a service to a set of heterogeneous users. The use of the service generates valuable data, but data monetization entails a privacy cost for users. A trade-off emerges between under-processing and over-monetization of data. We show that both the firm and users prefer the users (the firm) to own the rights for low (high) values of data. We further discuss the robustness of our results when allowing more possible contracts for the data owner and show that the main trade-off is robust to these extensions. (JEL D82, D86, K11, L12)

中文翻译：

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数据的所有权

我们研究了产权对市场结果数据使用的影响。为此，我们考虑一个垄断公司向一组异构用户提供服务的模型。服务的使用会产生有价值的数据，但数据货币化需要为用户带来隐私成本。在数据处理不足和过度货币化之间出现了权衡。我们表明，公司和用户都更喜欢用户（公司）拥有低（高）值数据的权利。当为数据所有者提供更多可能的合同时，我们进一步讨论了我们的结果的稳健性，并表明主要权衡对于这些扩展是稳健的。(JEL D82, D86, K11, L12)