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07-1 - Comprehension Questions for Sponsored Search 1
Please answer these questions concisely (ideally 1 sentence each).
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Why is separability important to make the winner determination in slot auctions easy?
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What important assumption do we make in the equilibrium analysis of GSP that we normally don't make when analzying auctions?
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What is the relationship between a Nash equilibrium and an envy-free equilibrium of a slot auction?
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Give two reasons why we study envry-free equilibria of slot auctions.
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