Purchase price, auction server, product retailing method,...

Details Purchase price, auction server, product retailing method,... Purchase price, auction server, product retailing method,...

2005-08-02

2005-08-02

Smith, Jeffrey A. (Department: 3625)

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

Automated electrical financial or business practice or...

Electronic shopping

C705S037000

Reexamination Certificate

active

06925446

ABSTRACT:
A purchase price bid research system comprises: a mediator server connected to a communication network and to intending purchaser terminals, wherein the intending purchaser terminals transmit purchase price bids for a product to the mediator server, and from among the purchase price bids for the product tendered by the intending purchaser terminals, the mediator server determines, as effective purchase price bids, values that are equal to or higher than a lowest price designated in advance for the product, and employs the effective purchase price bids tendered by intending purchasers to calculate a standard purchase price for the product.

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Flexible double auctions for electronic commerce: theory and implementation, Peter R. Wurman, Artificial Intelligence Laboratory, University of Michigan, 1998.

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