System and method for determining right of access

Details System and method for determining right of access System and method for determining right of access

2007-07-11

2010-12-14

Colbert, Ella (Department: 3694)

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

Automated electrical financial or business practice or...

Finance

C705S03600T, C705S037000, C705S039000, C705S042000

Reexamination Certificate

active

07853500

ABSTRACT:
Various methods and systems for auctioning items such as golf tee times, restaurant reservations, concert tickets or hotel reservations are disclosed. Users can effectively bid on a large number of items but receive at most one item at the end of the auction. This method has the favorable effects for the users of: (1) increasing the probability of successfully bidding for at least one item; (2) making the auction process more convenient by greatly reducing the need for actively monitoring the auction; and, (3) decreasing the possibility a user will be out bid at the last moment and receive no item. This method has the favorable effects for the seller of increasing the probability their listed items will sell and increasing the expected average sales price.

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