Methods, system, and computer-readable medium for...

Details Methods, system, and computer-readable medium for... Methods, system, and computer-readable medium for...

2004-04-23

2008-10-07

Smith, Jeffrey A. (Department: 3625)

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

Automated electrical financial or business practice or...

Finance

C705S026640, C705S027200

Reexamination Certificate

active

07433843

ABSTRACT:
Methods, systems, and products are disclosed for recommending a structure for an online auction. One method prompts a user to input details of the auction and suggests a reverse auction for sourcing goods and services in a telecommunications environment. If the market price for the auctioned goods/services is stable, then the method establishes a reserve price less than or equal to a contract price. A rank-only Vickery structure may be suggested in which each bidder is only informed of the ranking of the bidder's bid. Each bidder is not informed of a monetary value of the winning bid.

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Rhodes-Kropf, Matthew; “Auctions, Information Revelation, and Renegotiation,” 1998, Duke University, vol. 5904A of Dissertations Abstracts International, p. 1281, 203 pp.

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