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A conglomerate splits into three companies and has to divide the distribution rights for a clothing line and a food line. Bid Company 1 Company
A conglomerate splits into three companies and has to divide the distribution rights for a clothing line and a food line.
Bid | Company 1 | Company 2 | Company 3 |
---|---|---|---|
Clothing line | $12,000,000 | $24,000,000 | $9,000,000 |
Food line | 24,000,000 | 3,000,000 | 9,000,000 |
Use the Knaster procedure to divide fairly property with the given bids. (All amounts below are in millions of dollars.)
Bid | Company 1 | Company 2 | Company 3 | Kitty |
---|---|---|---|---|
Clothing line | $12.0 | $24.0 | $9.0 | |
Food line | $24.0 | $3.0 | $9.0 | |
Clothing line award | Clothing line | $0 | ||
To Kitty | $ | $ | ||
From Kitty | $ | $ | $ | $ |
Food line award | Food line | $ | ||
To Kitty | $ | $ | ||
From Kitty | $ | $ | $ | $ |
Divide Kitty | $ | $ | $ | $0 |
Total | $ | $ | $ |
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