Aaron, Bea, Christine, and Darnell have inherited a house. Their valuations of the house
are as follows:
Christine
Darnell
Bea
Aaron
house $400,000 $360,000 $340,000 $320,000
In this problem, you're going to arrange several different divisions of the house and cash.
Pay close attention to what type of division each part is asking for.
(a) Propose a fair compensation arrangement in which Christine receives the ownership
of the house. You may use any method you know for creating a fair arrangement
. (To find
a "fair" arrangement, you need to fill in cash amounts for how much each person
receives. Enter a negative amount if the person has to pay.)
Items received
Christine
house
Darnell
No items
Bea
Aaron
No items
No items
Cash
0
(b) Now propose a fair compensation arrangement in which Darnell receives the
ownership of the house.
Christine
Darnell
Bea
Aaron
Items received
No items
house
No items
No items
Cash
