Position-based auction

US8799139B1 · kind B1 · utility

Assignee

• Google LLC · US

Inventors

• Gagan Aggarwal · Stanford, US
• Jon Feldman · Cambridge, US
• Shanmugavelayutham Muthukrishnan · New York, US
• Rohit Rao · New York, US
• Adam Wildavsky · New York, US

Key dates

• Filing date: Mar 27, 2007
• Grant date: Aug 5, 2014
• Expiry date: Jul 17, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method is described that includes accessing bids for ranked goods and minimum rank indicators that each specifies a lowest rank for a good that is acceptable to a bidder, assigning a ranked good to a first bidder based on a first bid and a first minimum rank indicator each associated with the first bidder, and outputting a signal indicative of a cost of the assigned rank good based on a second bid associated with a next highest bidder having a second minimum rank indicator that specifies a rank that is inclusive of a rank of the ranked good assigned to the first bidder.