Data processing system that provides an auction with...

Details Data processing system that provides an auction with... Data processing system that provides an auction with...

2007-11-20

2007-11-20

Kramer, James A. (Department: 3692)

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

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

09938141

ABSTRACT:
In the context of computer-based auctions, innovations in proxy bids and auction formats are disclosed. In accordance with the illustrative embodiment, a bidder can program a data processing system to enter one or more bids by proxy. The capabilities offered by the data processing system include: determining one or more bid variables based, at least in part, on the identity of one or more bidders in an auction, or determining one or more bid variables based, at least in part, on the absence of one or more bidders from an auction, or determining one or more bid variables based, at least in part, on the bid variables in one or more other bids, or determining one or more bid variables based, at least in part, on the results of another auction, or determining one or more bid variables based, at least in part, on default values, or waiting a specific or random amount of time before entering a bid in behalf of a bidder, or any combination of these.

REFERENCES:
patent: 6055518 (2000-04-01), Franklin et al.
patent: 6199050 (2001-03-01), Alaia et al.
patent: 6243691 (2001-06-01), Fisher et al.
patent: 6871191 (2005-03-01), Kinney et al.
patent: 2002/0013760 (2002-01-01), Arora et al.
Miller, Michael. The Complete Idiot's Guide to Online Auctions. Que, 1999. pp. 157-160.

Affiliated with

Also associated with

Rating

Data processing system that provides an auction with... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Data processing system that provides an auction with..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Data processing system that provides an auction with... will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-3858512