Comprehension questions for Combinatorial Auctions
Please answer these questions concisely (1-2 sentences each).
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Give two reasons why combinatorial auctions are computationally challenging. *
Give three reasons why the OR* bidding language is useful. *
Give at least two reasons why VCG does not work well for combinatorial auctions. *
Is the VCG mechanism still truthful in the combinatorial auction domain? Explain! *
Which (sub-)section in the readings did you find difficult and/or did you not fully understand and/or would you like see covered in the lecture in detail. Be as specific as you like. *
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