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The introduction of next-generation technologies to the maritime shipping industry, including Portable Pilotage Units, Remote Pilotage, advanced situation awareness aids, and Autonomous Shipping, creates an urgent need to understand operator workload during Bridge Team operations, and...
Persistent link: https://www.econbiz.de/10012217757
We characterize revenue maximizing mechanisms in a common value environment where the value of the object is equal to the highest of bidders’ independent signals. If the object is optimally sold with probability one, then the optimal mechanism is simply a posted price, with the highest...
Persistent link: https://www.econbiz.de/10013189042