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Further Reading

The Economics of Information Price Differentiation

Bichler, M., Knörr, J., & Maldonado, F. (2023). Pricing in nonconvex markets: How to price electricity in the presence of demand response. Information Systems Research, 34(2), 652-675. https://pubsonline.informs.org/doi/abs/10.1287/isre.2022.1139 Chen, L. (2...

Key Takeaways

The Economics of Information Big Data, Privacy, & GDPR

Big data, privacy, and the General Data Protection Regulation (GDPR) are all interconnected in the digital era. Here are some key takeaways to understand their relationship:   Definition and Scale of Big Data: Big data refers to extremely large datasets that...

Case Study: A GDPR Fine in Romania

The Economics of Information Big Data, Privacy, & GDPR

The following material is available on the website of the National Supervisory Authority for Personal Data Processing at: https://www.dataprotection.ro/index.jsp?page=Comunicat_Presa_09.08.2022_2&lang=en   The National Supervisory Authority finalized in July...

Further Reading

The Economics of Information Big Data, Privacy, & GDPR

European Union. (2023). What is GDPR, the EU’s new data protection law? https://gdpr.eu/what-is-gdpr/ Payton, T., & Claypoole, T. (2023). Privacy in the age of Big data: Recognizing threats, defending your rights, and protecting your family. Rowman & Littlef...

Key Takeaways

The Economics of Information Big Tech vs Big Government

1.      Privacy and Data Protection: ·       Big Tech: Claims robust data protection and offers users tools to control their data. ·       Big Government: Advocates for oversight to ensure data isn't misused. ·       Big Government Risk: Potential for overr...

Real World Examples

The Economics of Information Big Tech vs Big Government

Big tech companies often find themselves in disputes with governments over user data, driven by the tension between privacy rights and law enforcement or regulatory demands. Here are a few notable examples: Apple vs. the FBI (2016): One of the most famous c...

Further Reading

The Economics of Information Big Tech vs Big Government

Agarwal, R. (2020). Why A Big Government Cure Would Be Worse Than Big Tech Control. Forbes https://www.forbes.com/sites/rajshreeagarwal/2020/09/22/why-a-big-government-cure-would-be-worse-than-big-tech-control/?sh=69a92c7b134c Engin, Z., & Treleaven, P. (201...

Key Takeaways

The Economics of Information Social Media & Fake News

Definition and Identification: Understand what constitutes fake news: misinformation (false or misleading information shared without harmful intent) vs. disinformation (false information shared with the intent to deceive). Recognize that identifying fake new...

Pope Francis Endorses Donald Trump for President

The Economics of Information Social Media & Fake News

  In the 2016 U.S. Presidential election, a widely circulated fake news story claimed that Pope Francis had endorsed Donald Trump's candidacy. This story was completely untrue, as the Vatican's policy is to not endorse political candidates. The article was pu...

Further Reading

The Economics of Information Social Media & Fake News

Baptista, J. P., & Gradim, A. (2020). Understanding fake news consumption: A review. Social Sciences, 9(10), 185. https://doi.org/10.3390/socsci9100185 FactCheck.org https://www.factcheck.org Pennycook, G., & Rand, D. G. (2021). The psychology of fake news...

Key Takeaways

The Economics of Information Intellectual Property

Definition of Intellectual Property (IP): IP refers to creations of the mind such as inventions, literary and artistic works, and symbols, names, and images used in commerce.   Types of IP: ·      Patents: Protects inventions or processes for a certain peri...

The Wright Brothers' Patents and the Curtiss Company

The Economics of Information Intellectual Property

Patents have often played a complex role in the balance between fostering innovation and potentially hindering progress. A well-known example is the case of the Wright brothers and their patents on airplane technology in the early 20th century. After the Wrig...

Further Reading

The Economics of Information Intellectual Property

European Patent Office. (2023). New study reveals how IP helps startups raise finance. https://www.epo.org/en/news-events/news/new-study-reveals-how-ip-helps-startups-raise-finance Grinvald, L. C., & Tur-Sinai, O. (2019). Intellectual property law and the ri...

Key Takeaways

The Economics of Information Crowdsourcing

Crowdsourcing has emerged as a potent tool for businesses and organizations to harness the collective intelligence of large groups of people.   Definition: Crowdsourcing involves obtaining ideas, content, opinions, or solutions from a large group of people,...

Notable Examples

The Economics of Information Crowdsourcing

Wikipedia: Perhaps the most famous example, Wikipedia is a free online encyclopedia created through the collaborative effort of volunteers around the world. Anyone with internet access can write and make changes to Wikipedia articles (except in certain cases...

Further Reading

The Economics of Information Crowdsourcing

Vermicelli, S., Cricelli, L., & Grimaldi, M. (2021). How can crowdsourcing help tackle the COVID‐19 pandemic? An explorative overview of innovative collaborative practices. R&D Management, 51(2), 183-194. https://doi.org/10.1111/radm.12443

Key Takeaways

The Economics of Information Outsourcing

Definition: Outsourcing involves delegating certain business processes or functions to third-party vendors or companies, either domestically or internationally.   Reasons for Outsourcing: ·       Cost Reduction: Often, businesses can achieve significant cos...

Apple Inc. and Outsourcing

The Economics of Information Outsourcing

Apple, known for its wide range of popular consumer electronics like iPhones, iPads, and Mac computers, doesn't manufacture these products itself. Instead, it relies on a global network of suppliers and manufacturers. The company's outsourcing strategy is focu...

Further Reading

The Economics of Information Outsourcing

Schniederjans, M.J., Schniederjans, A. M., Schniederjans, D. G. (2010). Outsourcing and Insourcing in an International Context. Routledge. ISBN:  978-0765615862 https://doi.org/10.4324/9781315701936 Sinclair, A.R. (2023). Outsourcing Mastery. The Ultimate Gu...

Studiu de caz- Acțiunile IOM în Indonezia

Catalogul Organizațiilor Internaționale International Organization for Migratio...

OIM este activă în Indonezia din 1979. Conflictele, violența armată, dezastrele, epidemiile, pandemiile și alte crize obligă milioane de oameni să-și părăsească casele și comunitățile, uneori pentru ani sau chiar decenii.. Crizele economice, instabilitatea pol...