How Aging America Is Driving Consumer Inertia
Established firms enjoy the loyalty of older consumers, which enables them to charge higher prices and block new entrants, according to new research by Wharton’s Gideon Bornstein.
Established firms enjoy the loyalty of older consumers, which enables them to charge higher prices and block new entrants, according to new research by Wharton’s Gideon Bornstein.
State control of the electricity sector has caused waste of taxpayer money, theft of power and low per capita power consumption for decades. Over the years, India has brought in incremental reforms. Now, the country needs to go further but interest groups are likely to stall any progress till the...