Methods, systems, and computer program products for dynamically bidding in and conducting multiple simultaneous online auctions located across multiple online auction sites
US6976005B1 · kind B1 · utility
21Cited by
12References
27Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Sep 21, 2000 |
| Grant date | Dec 13, 2005 |
| Priority date | — |
| Expiry date | Dec 14, 2022 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The use of software-based agents to act on behalf of human bidders for dynamic participation in multiple simultaneous online auctions is disclosed. The software-based agents may reside on computer systems or on any type of stationary or mobile terminal. On the basis of bidding-related information from a bidder, a software agent selects a plurality of auctions to place bids in. Upon being outbid, the agent determines whether to place an additional bid in a further auction. The agent can make such a determination on the basis of maximising profitability or surplus.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.