Method and system for prioritizing a bidder in an auction

Details Method and system for prioritizing a bidder in an auction Method and system for prioritizing a bidder in an auction

2006-09-29

2010-10-05

Campen, Kelly (Department: 3691)

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

Automated electrical financial or business practice or...

Finance

C705S026640

Reexamination Certificate

active

07809630

ABSTRACT:
A method for conducting an auction includes allowing one or more bidders to each bid on one or more resources, and for each of the bidders: determining a priority level; calculating a bid rate interval; and regulating the relative likelihood of the bidder winning the auction. Calculating a bid rate interval is accomplished using at least the determined priority level of the bidder. Regulating the relative likelihood of the bidder winning the auction is accomplished by regulating, based at least on the calculated bid rate interval, the time between successive bids on the one or more resources made by the bidder.

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