Dynamically determining bid increments for online auctions
US9947041B2 · kind B2 · utility
1Cited by
14References
11Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Dec 17, 2012 |
| Grant date | Apr 17, 2018 |
| Priority date | — |
| Expiry date | Jul 13, 2035 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Bidding activity is analyzed over a duration in which multiple bids are received in the auction. A bid increment is dynamically determined for the auction in response to auction activity. An online auction system can utilize the bid increment to determine or suggest the next bid that can be received in the auction for purpose of supplanting the current bid.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.