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Two goods, x and y, are to be sold to a set of three bidders, N = {1, 2, 3}, using a Vickrey Clarke-Groves (VCG)

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Two goods, x and y, are to be sold to a set of three bidders, N = {1, 2, 3}, using a Vickrey Clarke-Groves (VCG) auction. In submitted bids, each bidder has expressed a willingness to pay (WTP) for each possible set of goods. The final submitted bids are as follows. WTP 1({x}) = 300 WTP2({x}) = 400 WTP3({x}) = 250 WTP1({y}) = 350 WTP2({y}) =500 WTP3(ly}) = 300 WTP 1({x,y}) =650 WTP2({x,y}) = 750 WTP3({x,y}) = 700 Therefore, good x will be allocated to C and good y will be allocated to C

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