Double auctions with bargaining

Details Double auctions with bargaining Double auctions with bargaining

2003-08-11

2009-08-18

Zurita, James (Department: 3625)

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

Automated electrical financial or business practice or...

Electronic shopping

C705S037000

Reexamination Certificate

active

07577584

ABSTRACT:
Methods for double auctions that permit bargaining between buyers and sellers as part of the price determination process may be implemented using a computer network connecting the buyers and sellers to a central market system. The central market computer system receives bids, determines matches between the buyers and sellers, and computes a price range for each of the matches. The matches and price ranges are communicated to the buyers and sellers, permitting matching sellers and buyers to bargain on a final price.

REFERENCES:
patent: 2001/0034696 (2001-10-01), McIntyre
patent: 2002/0147675 (2002-10-01), Das et al.
Definition of Double Auction, Wikipedia, downloaded frm the Internet on Jan. 18, 2009, two pages.
Online reverse auctions: Issues, themes, and prospects for the future Sandy D Jap. Academy of Marketing Science, Journal. Greenvale: Fall 2002. vol. 30, Iss. 4; p. 506, downloaded from ProQuest Direct on the Internet on Jun. 16, 2009, 30 pages.

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