Systems for dynamically allocating finite or unique resources

US7584123B1 · kind B1 · utility

Assignee

• TICKETMASTER, LLC · US

Inventors

• Andrew Karonis · Talavera la Real, ES
• Brendan Ross · Aliso Viejo, US
• Shigeki Hirose · Sammamish, US
• Dennis Denker · Scottsdale, US
• Happy Kush · Santa Monica, US
• Adam Sussman · Los Angeles, US
• Craig McLane · South Pasadena, US
• Sean Moriarty · Pasadena, US

Key dates

• Filing date: Apr 6, 2005
• Grant date: Sep 1, 2009
• Expiry date: Feb 1, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The present invention is related to electronically allocating finite or limited resources. In an embodiment, a computer system is configured to receive bids over a network from a first plurality of users for a limited number of units, the bids including associated bid amounts. A data store is operable to store the bid amounts. Program code is stored in computer readable memory and is configured to determine which bids are winning bids, determine a unit price for units associated with the winning bids, wherein the unit price associated with the winning bids is based on the lowest winning bid amount, and units can be tickets.