Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-05-29
2007-05-29
Eddy, Elisca Pierre (Department: 3621)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
09753073
ABSTRACT:
A method of allocating an award in an auction wherein an award for a given auction round is allocated amongst a plurality of highest ranked bidders including at least a first ranked bidder and a second ranked bidder is disclosed. The method provides an incentive to the first ranked bidder and the second ranked bidder to each improve their respective bids during the conducting of the auction. The method includes adopting a formula for allocating the award amongst at least the first ranked bidder and the second ranked bidder, conducting the electronic auction, and allocating the award between at least the first and second ranked bidders in accordance with the formula and the bids of the first and second ranked bidders. A factor of the formula is an actual bid differential between a bid of the first ranked bidder and a bid of the second ranked bidder. Furthermore, application of the formula to bids of the first and second ranked bidders causes a first portion of the award allocated to the first ranked bidder to increase, and a second portion of the award allocated to the second ranked bidder to decrease as a magnitude of the actual bid differential increases.
REFERENCES:
patent: 3581072 (1971-05-01), Nymeyer
patent: 3863060 (1975-01-01), Rode et al.
patent: 4597045 (1986-06-01), Kiuchi
patent: 4674044 (1987-06-01), Kalmus et al.
patent: 4789928 (1988-12-01), Fujisaki
patent: 4799156 (1989-01-01), Shavit et al.
patent: 4845625 (1989-07-01), Stannard
patent: 4992940 (1991-02-01), Dworkin
patent: 5136501 (1992-08-01), Silverman et al.
patent: 5193056 (1993-03-01), Boes
patent: 5243515 (1993-09-01), Lee
patent: 5297032 (1994-03-01), Trojan et al.
patent: 5375055 (1994-12-01), Togher et al.
patent: 5394324 (1995-02-01), Clearwater
patent: 5402336 (1995-03-01), Spiegelhoff et al.
patent: 5606602 (1997-02-01), Johnson et al.
patent: 5629982 (1997-05-01), Micali
patent: 5640569 (1997-06-01), Miller et al.
patent: 5664115 (1997-09-01), Fraser
patent: 5684963 (1997-11-01), Clement
patent: 5689652 (1997-11-01), Lupien et al.
patent: 5715402 (1998-02-01), Popolo
patent: 5727165 (1998-03-01), Ordish et al.
patent: 5758327 (1998-05-01), Gardner et al.
patent: 5758328 (1998-05-01), Giovannoli
patent: 5765138 (1998-06-01), Aycock et al.
patent: 5774873 (1998-06-01), Berent et al.
patent: 5794207 (1998-08-01), Walker et al.
patent: 5794219 (1998-08-01), Brown
patent: 5797127 (1998-08-01), Walker et al.
patent: 5799151 (1998-08-01), Hoffer
patent: 5799285 (1998-08-01), Klingman
patent: 5802502 (1998-09-01), Gell et al.
patent: 5803500 (1998-09-01), Mossberg
patent: 5809483 (1998-09-01), Broka et al.
patent: 5826244 (1998-10-01), Huberman
patent: 5832496 (1998-11-01), Anand et al.
patent: 5835896 (1998-11-01), Fisher et al.
patent: 5862223 (1999-01-01), Walker et al.
patent: 5890138 (1999-03-01), Godin et al.
patent: 5897621 (1999-04-01), Boesch et al.
patent: 5905974 (1999-05-01), Fraser et al.
patent: 5905975 (1999-05-01), Ausubel
patent: 5915209 (1999-06-01), Lawrence
patent: 5966699 (1999-10-01), Zandi
patent: 6012045 (2000-01-01), Barzilai et al.
patent: 6014627 (2000-01-01), Togher et al.
patent: 6021398 (2000-02-01), Ausubel
patent: 6023685 (2000-02-01), Brett et al.
patent: 6044363 (2000-03-01), Mori et al.
patent: 6055518 (2000-04-01), Franklin et al.
patent: 6058379 (2000-05-01), Odom et al.
patent: 6061663 (2000-05-01), Bloom et al.
patent: 6078906 (2000-06-01), Huberman
patent: 6119229 (2000-09-01), Martinez et al.
patent: 6151589 (2000-11-01), Aggarwal et al.
patent: 6161099 (2000-12-01), Harrington et al.
patent: 6199050 (2001-03-01), Alaia et al.
patent: 6266652 (2001-07-01), Godin et al.
patent: 0399850 (1990-11-01), None
patent: 409101994 (1997-04-01), None
patent: 410078992 (1998-03-01), None
patent: 2002123706 (2002-04-01), None
patent: WO 92/15174 (1992-09-01), None
patent: WO 97/37315 (1997-10-01), None
patent: WO 98/34187 (1998-08-01), None
patent: WO 99/63461 (1999-12-01), None
“BroadVision Developing First Interactive Commerce Management System To Support Online Sales & Marketing Process; New Software Category Necessary to Interactive Network Architecture”, Business Wire, p. 5150152, May 15, 1995.
“FairMarket Launches New Self-Serve Auctions.” Business Wire, p. 6161495, Jun. 16, 1998.
Lee, “Do electronic marketplaces lower the price of goods?”, Communications of the PCM, v41n1 pp. 73-80 Jan. 1998.
“Moai Technologies Introduces New categories of Business to Business Auction Software..”, Business Editors and Computer writers, Mar. 16, 1998.
Kikuchi et al., “Multi-Round Anonymous Auction Protocols”, IEICE Trans. Inf. & Syst., vol. E82-D, No. 4, Apr. 1999.
“Online bidding software”, Electronic Buyers' News, Aug. 25, 1997 Issue 1072, p. 86, 1/6p.
“Sold!. . . To the Lowest Bidder”, Computer Finance, v6, n2 Jul. 1995.
“Venture Capitalists Fund Two Massachusetts Internet Related Companies”, Boston Globe, Jan. 14, 1998.
Vigoroso, “Buyers prepare for brave new world of e-commerce.” Purchasing, v126, n6, p. S4(1), Apr. 22, 1999.
Von der Fehr et al., “Predatory bidding in sequential auctions”, Oxford Economics Papers, v46, n3, p. 345(12) Jul. 1994.
“What you need to know to bid in FCC's narrowband auction” Washington Telecom News, v2, n26, p. 6(2), Jun. 27, 1994.
Malone et al., “The Logic of Electronic Markets”,Harvard Business Review, No. 893II (May-Jun. 1989).
Freemarkets™ Online, “Bidware Manual” (Jun. 9, 1988).
Freemarkets Online™, “Online Industrial Market Making, An Overview of Purchasing Executives”.
WebAuction.com, “How to Play” (1998).
Auction Sales, “Live Auctions Online” (Sep. 1998).
Auction Port, “Online Auction Community—New Auctions Since Sep. 2, 1998” (Jul. 1998).
OnSale, “How to Play” (1998).
u-Auction-It™ (1997).
Freemarkets Online™, “Homepage” (1998).
Andrews, “Auctions Catch the Interest of Hobbyists and Big Business”, Aug. 24, 1998.
Associated Press, “Auction on Web is Buyer's Market”, Apr. 6, 1998.
Steinert-Threlkeld, “The Watchwords: Let Sellers Beware”, Jun. 1, 1998.
Woolley, “E-muscle”, Mar. 9, 1998.
Associated Press, “FreeMarkets Takes Auction on Internet”, Feb. 23, 1998.
Jahnke, “How Bazaar” (Aug. 27, 1998).
Wilder, “What's Your Bid?—FreeMarkets' real-time online bidding technology lets clients drive down costs and improve product value”, Nov. 10, 1997,InformationWeek.
Jean-Pierre Banatre, et al., “The Design and Building of Enchere, a Distributed Electronic Marketing System” Communications of the ACM, No. 1 (Jan. 29, 1986).
Danny Cohen, “Computerized Commerce” Information Processing 89 (Aug. 28-Sep. 1, 1989).
Atkinson Scott W.
Kinney, Jr. Sam E.
Maor Boaz
Wang Tao.
Ariba, Inc.
Eddy Elisca Pierre
Van Pelt & Yi & James LLP
LandOfFree
Method, apparatus, and system for varying an award volume in... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method, apparatus, and system for varying an award volume in..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method, apparatus, and system for varying an award volume in... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3786343