Concept explainers
Andre, Bea, and Chad are dividing an estate consisting of a small farm, and a painting using the method of sealed bids. Table 3-23 shows the player bids on each of the items.
Andre | Bea |
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House |
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Farm |
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|
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Painting |
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a. Describe the first settlement of the fair division and compute the surplus.
b. Describe the final settlement of the fair division problem.
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