Method and system for conducting electronic auctions with multi-parameter price equalization bidding
US7249085B1 · kind B1 · utility
55Cited by
73References
39Claims
0Family size
Assignee
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Key dates
| Filing date | Mar 31, 1999 |
| Grant date | Jul 24, 2007 |
| Priority date | — |
| Expiry date | Mar 31, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system for conducting electronic online auctions using multi-parameter price equalization bidding is disclosed. Bids defined in a context of a bidder are transformed into a comparative bid parameter that enables a common basis of comparison for the submitted bids. A transformed bid of a first bidder can also be detransformed into a context of a second bidder, thereby enabling each individual bidder to view a comparison of submitted bids in their own context.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.