Automatic auction method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Mar 28, 2000
Grant Date -
N/A
app pub date -
Sep 2, 1997
filing date -
Sep 4, 1996
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
In automatic auction method which makes it unnecessary for bidders to stay before auction terminals at the time of auction and which makes possible auction transactions on an open network on which it is difficult to assure the on-line and real time properties, a plurality of auction ordering information pieces each containing a desired price, number of purchase, and a highest possible price in competition for the desired price and received from bidder terminals via on-line circuits are collected. Until an auction issue appears, the price is lowered. If there is at least one auction issue and a desired quantity which is the sum total of the numbers of purchase of the auction issues is not satisfied, then it is determined whether there is an auction issue coinciding in price by comparing the set price with (the desired price+the highest possible price in competition). Until the desired quantity is satisfied, the price is raised.
First Claim
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International Classification(s)
Cited Art Landscape
Patent Citation Ranking
- 394 Citation Count
- G06F Class
- 93.11 % this patent is cited more than
- 25 Age