Method and system for setting an optimal preference policy...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping

Reexamination Certificate

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C705S014270, C705S027200, C705S037000

Reexamination Certificate

active

07403911

ABSTRACT:
One embodiment of the present invention provides a method and system that determines the optimal preference policy for a market, such as an auction, with respect to a multiplicity of possible evaluation criteria that auction participants or other end users specify. In one embodiment, a method and system that configures the optimal preference policies that can be implemented in any market, particularly an auction, applicable to any auction format a market decision maker may wish to conduct. An embodiment of the present invention estimates bidders' private information and correspondingly identifies exploitable asymmetries to implement a preferential treatment policy. In one embodiment, this method is implemented on a computer system, under the control of software and firmware directing the operation of its processor and other components. In one embodiment, a computer readable medium causes a computer system to execute the method.

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Kisiel-Dorohinicki et al, May 30th, 2001 “Applying Mechanism of Crowd in Evolutionary MAS for Multiobjective Optimization”, Universite Libre De Bruxells, Faculte Des Science.
Bajari et al. Auction Models When Bidders Make Small Mistakes: Consequences for Theory and Estimation, Aug. 15, 2001.
Hendricks et al. “A Survey of Recent empirical work concerning auction”, Canadian Journal of Economics, vol. 28, No. 2 (May 1995), pp. 403-426.
Miyagiwa, Kaz; “Oligopoly and Discriminatory Government Procurement Policy”, The American Economic Review. Nashville: Dec. 1991. vol. 81, Iss. 5; p. 1320, 9 pgs extracted from Proquest database on INternet on Jun. 7, 2007.
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