Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2008-08-26
2011-10-25
Dixon, Thomas (Department: 3684)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S039000
Reexamination Certificate
active
08046296
ABSTRACT:
The invention that is the subject of this Disclosure is a computerized method for valuing and transferring interests in property (whether real or personal, tangible or intangible) or goods. The method involves having parties that hold ownership interests in property or goods disclose to a processor that is administered by a third-party (but not disclose to each other) a price at which they would be willing to either sell their interests to the other side, or buy out the other side's interests, submitting binding offers to the third party obliging them either to buy or sell at their stated price (in the unlikely event that the stated prices are the same), or, alternatively, at some other price in between the ones set forth in their offers that is more favorable to each of them and that is identified by the third party. The processor then makes a binding determination as to who shall buy, and who shall sell, and makes a binding determination as to the sale price, by following certain protocols and applying a formula, agreed to by the parties in advance, with respect to the numerical values submitted by the respective parties. The invention allows each party to always arrive at an agreed upon outcome, and allows each party always to arrive at an outcome that is either equal to or more favorable to that party than the outcome that that party proposed.
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Schelling, Thomas (1960). The Strategy of Conflict; Harvard University, pp. 2-50.
Rubin, Jeffrey (1975). The Social Psychology of Bargaining and Negotiation; Acadmeic Press, pp. 3-30.
Brams Steven J.
Ring James F.
Dixon Thomas
Fields Benjamin S
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