10 - Comprehension Questions for Combinatorial Auctions
Please answer these questions concisely (ideally 1 sentence each).
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Provide two ways in which a combinatorial auction is different from a standard auction. *
Give two reasons why combinatorial auctions are computationally challenging. *
Why do we like the OR* bidding language so much? *
Give at least two reasons why VCG does not work well for combinatorial auctions. *
What is the problem of using a simple greedy approximation for the winner determination problem when using VCG? *
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