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What is Indian Railways Dynamic Pricing Strategy about?

Indian Railways employs various pricing strategies including different forms of price discrimination. It engages in peak load pricing by charging higher prices during peak periods and offering discounts in off-peak times. It also uses first degree price discrimination by segmenting customers and charging each their willingness to pay, though it does not currently have perfect information. Second degree price discrimination sees prices reduce with increased quantities purchased. Third degree discrimination s

Author

DS0209

Language

EN