Demand estimation using auction price analysis

Details Demand estimation using auction price analysis Demand estimation using auction price analysis

2006-07-11

2006-07-11

Bashore, Alain L. (Department: 1762)

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

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

07076459

ABSTRACT:
A method for generating a demand estimate for a product includes gathering a set of auction data which is relevant to the product, removing from the auction data all but a highest bid from each unique bidder in the auction data, and correcting a bias in the auction data caused by a set of characteristics of an auction from which the auction data is obtained. In one embodiment, the auction data is obtained from an on-line auction which is characterized by bidders not necessarily knowing the start time of the auction.

REFERENCES:
patent: 6151589 (2000-11-01), Aggarwal et al.
patent: 6263327 (2001-07-01), Aggarwal et al.
patent: 6728689 (2004-04-01), Drissi et al.
patent: 2001/0039497 (2001-11-01), Hubbard
patent: 2002/0038363 (2002-03-01), MacLean

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