One of the most astounding findings I recently came across is the study of the effects of mobile phones on the Kerala fishing market in India. The research by Robert Jensen is best summarized by the figure which shows how mobile phones led to the stabilization of fish prices in different markets.
From the figure below, you can see that the fish prices are very volatile in the three regions but stabilize almost as if by magic when mobile phones are introduced in the region.
It appears that access to information leads to the damping of the price curve and the consistency that follows is just incredible.
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