Multi-stage automated auctions

Details Multi-stage automated auctions Multi-stage automated auctions

2007-08-22

2010-10-05

Smith, Jeffrey A (Department: 3625)

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

Automated electrical financial or business practice or...

Electronic shopping

C705S027200, C705S037000, C705S014270

Reexamination Certificate

active

07809611

ABSTRACT:
An automated auctioning method is disclosed having a multifunction (pre-auction) stage (501), an auction stage (502) and a fulfillment stage (503). During the multifunction stage it is possible to buy an element (507), make an offer (506) or place an auction bid (504). During the auction stage it is only possible to place an auction bid.

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On a Possible Benefit to Bid Takers from Using Multi-stage Auctions (Engelbrecht-Wiggans, Richard Management Science; Sep. 1988; 34, 9; ABI/Inform Global p. 1109).

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