System and method for determining right of access
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United States of America Patent
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Feb 14, 2012
Issued Date -
N/A
app pub date -
Dec 13, 2010
filing date -
Apr 28, 2000
priority date (Note) -
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status (Latency Note)
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Abstract
Various methods and systems for auctioning items such as golf tee times, restaurant reservations, concert tickets or hotel reservations are disclosed. Users can effectively bid on a large number of items but receive at most one item at the end of the auction. This has the favorable effects for the users of: (1) increasing the probability of successfully bidding for at least one item; (2) making the auction process more convenient by greatly reducing the need for actively monitoring the auction; and, (3) decreasing the possibility a user will be out bid at the last moment and receive no item. This also has the favorable effects for the seller of increasing the probability their listed items will sell and increasing the expected average sales price.
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