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help on econ 1. An seller has 3 objects she wishes to sell to 3 bidders. Each bidder will have 3 = 23 1Iralues to
help on econ
1. An seller has 3 objects she wishes to sell to 3 bidders. Each bidder will have 3 = 23 1Iralues to report. The]: are reported in the following table. - . : . 'sln equilibrium outcome and payments. 2. The FCC is attempting to sell 2 spectrum licenses to 3 bidders. The bidder valuations {in billions of dollars} are reported in the following table. i} Find the \"CG mechanism equilibrium outcome and payments. ii} Suppose, instead, the FCC sold the licenses onlgrr as a single bundle {ab} in a second price auction. What is the equilibrium outcome and payment in this case? iii} Suppose. instead1 the FCC sold all bundles of the licenses in a VCG mechanism but banned the participation of Bidder 3 . What is the equilibrium outcome and payment in this ease'iIStep by Step Solution
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