Dynamically determining bid increments for online auctions
US10217161B2 · kind B2 · utility
0Cited by
7References
20Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Mar 9, 2018 |
| Grant date | Feb 26, 2019 |
| Priority date | — |
| Expiry date | Mar 9, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Bidding activity is analyzed over a duration in which multiple bids are received in the auction. A bid increment is dynamically determined for the auction in response to auction activity. An online auction system can utilize the bid increment to determine or suggest the next bid that can be received in the auction for purpose of supplanting the current bid.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.