Jun 2, 2015

What information and connectivity does to economies

Here's a link to a tweet. It shows a picture from a paper that is available for download at 38$, so we'll have to live with that single image showing three graphs: three regions and how sardine prices developed when fishermen got mobile phones. The prices stabilized in a radical matter. The more "perfect" a market is (from economic theory: the more information is available to all participants), the more stability you can expect.