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What is Demand Elasticity in Indian Shipping Services about?

This paper analyzes the elasticity of demand for shipping services in the Indian maritime industry, revealing that demand is relatively inelastic in the short term but becomes moderately elastic over the long term due to factors like substitutes and technological advancements. The study utilizes data from major ports and shipping companies from 2010 to 2024, providing insights into price and income elasticity across different cargo segments. Recommendations include adopting dynamic pricing strategies, enhan

Author

doranarayanan99

Language

EN