Method and system for dynamically extending the duration of...

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

Reexamination Certificate

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C705S037000

Reexamination Certificate

active

07739154

ABSTRACT:
This is a method for use in conducting online and/or proxy-based auctions. This method achieves the best possible price in a timely manner, by more closely simulating the mechanics of a face-to-face auction transaction where bidding is not closed at a preset time but by balancing bid frequency against conducting a timely transaction. The process extends the auction closing time by a geometrically decreasing amount to accommodate bids entered near the end of the auction.

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patent: 2004/0034590 (2004-02-01), Zinberg
patent: 2007/0055577 (2007-03-01), Ashton
patent: 2008/0004975 (2008-01-01), Scargill et al.
patent: 2008/0313089 (2008-12-01), Du Preez
patent: 2009/0112726 (2009-04-01), Miller et al.
patent: WO 0145002 (2001-06-01), None
patent: WO 0184448 (2001-11-01), None
Walczak, Steven; Gregg, Dawn G; Berrenberg, Joy L. “Market Decision Making for Online Auction Sellers” Journal of Electronic Commerce Research. 2006. v7n4. 199-220.

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