Business, 05.05.2020 18:45 neariah24

HW1. Wendy and Xavier are siblings who have inherited a house from their parents. They are not willing to share the house (growing up together was enough), so one or the other will receive it when their parents’ estate is settled. This is the only item which they have inherited, and they apply the Method of Sealed Bids to obtain a fair distribution. Wendy considers the house worth $300,000, but Xavier considers it worth $350,000. a. Find the value of each player’s minimum fair share, in dollars. b. Carry out the allocation of the items (of which there is only one), and the first settlement.

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HW1. Wendy and Xavier are siblings who have inherited a house from their parents. They are not willi...

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