We have three bidders (A, B and C) and three goods (x, y and z). The valuations
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Question:
We have three bidders (A, B and C) and three goods (x, y and z). The valuations are:
vA(x) = 17 vB(x) = 13 vC(x) = 5
vA(y) = 9 vB(y) = 15 vC(y) = 7
vA(z) = 1 vB(z) = 1 vC(z) = 21
vA(xy) = 33 vB(xy) = 25 vC(xz) = 1
vA(xz) = 15 vB(xz) = 11 vC(xy) = 19
All the valuations that are missing are assumed to be equal to 0 (so for instance we have vA(xyz) = 0, vi() = 0 for any bidder i = A, B, C, etc.).
Find the allocation and the price paid by each bidder with the VCG auction.
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