Concealed performance bid
US8024228B1 · kind B1 · utility
1Cited by
5References
1Claims
0Family size
Inventor
Key dates
| Filing date | Oct 4, 2007 |
| Grant date | Sep 20, 2011 |
| Priority date | — |
| Expiry date | Jun 15, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0641
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
System(s) and method(s) for offering one or more items, for sale or for purchase, for a specified period of time during which participants bid to purchase or sell the items. The system provides each participant an indication of how their bid compares to bids placed by others. The system does not disclose the bid details of other participants. By providing this bid range of information, each bidder has a sense of their general bid position (not knowing others specific bids), compared to all bidders and by this means, the overall price offered for the item may be driven up or, in the case of offer to buy bid, driven down.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.