In the Media

New York Times reporter Daisuke Wakabayashi highlights a paper written by Prof. Glenn Ellison, head of MIT’s Department of Economics, and Senior Lecturer Sarah Fisher Ellison explaining how technology has made it easier to find products, but retailers have retaliated by raising prices. “To the extent that there is more obfuscation going on, consumers pay more for everything,” said Ellison. Wakabayashi also spotlights a study by Prof. Amy Finkelstein that found “when people use cash less, prices go up.”