Method and computer-readable medium for automated dynamic...

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

Reexamination Certificate

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C705S001100, C705S037000

Reexamination Certificate

active

07447646

ABSTRACT:
The pricing of a product is programmatically managed by defining a plurality of pricing states for the product. Each pricing state has a pricing mechanism associated therewith. A pricing mechanism can be a variable pricing mechanism such as an auction. It can also be a fixed pricing mechanism for the sale, rental, or subscription of the product. One or more triggers are defined, each of which may include one or more trigger parameters, to enable the pricing of the product to transition from one pricing state to another pricing state. In this manner, the invention provides a seller with an automated, systematic approach to pricing management.

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Paul Klemperer, What really matters in auction design, Winter 2002, The Journal of Economic Perspectives, vol. 16, p. 169-190.

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