Auction methods and systems

Details Auction methods and systems Auction methods and systems

2011-08-23

2011-08-23

Patel, Jagdish (Department: 3693)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S014710, C705S026300

Reexamination Certificate

active

08005746

ABSTRACT:
Known auction techniques are modified to provide various benefits. In one arrangement, a pseudo-random function is employed to determine whether a nominally-ended auction should be extended, allowing an unsuccessful remorseful bidder a possible further chance to win the auction. A variety of other features and arrangements are also detailed.

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