My bike is worth $M to me and $Y to you. Unless I buy a fancy lock that costs $F, you are able to ta

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My bike is worth $M to me and $Y to you. Unless I buy a fancy lock that costs $F, you are able to take my bike.

Suppose that M > F > Y. Suppose that I have a liability right over the bike. That is, you choose whether or not to take the bike, but you must compensate me for the consequences of your choice. However, there are litigation problems. In particular, the court mistakenly believes that my bike is worth zero dollars to me. There are also bargaining problems: you and I hate each other and refuse to negotiate. What outcome do we expect?

a.You will take the bike, I will buy the lock, and no payments will be made.

b. You will take the bike, I will not buy the lock, and no payments will be made.

c. You will not take the bike, I will buy the lock, and you will pay me F in damages.

d. You will not take the bike, I will buy the lock, and no payments will be made.

e. You will take the bike, I will not buy the lock, and you will pay me M in damages.

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