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Methods and systems for market clearance

Patent 7349879 Issued on March 25, 2008. Estimated Expiration Date: Icon_subject December 1, 2020. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Patent References

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Inventors

Application

No. 09726573 filed on 12/01/2000

US Classes:

705/37, Trading, matching, or bidding705/1, AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT705/26, Electronic shopping (e.g., remote ordering)705/35, Finance (e.g., banking, investment or credit)705/80, ELECTRONIC NEGOTIATION700/228, Having particular transport between article handling stations705/65, Including intelligent token (e.g., electronic purse)707/103Y, Object-oriented database structure processing705/10Market analysis, demand forecasting or surveying

Examiners

Primary: Karmis, Stefano

Attorney, Agent or Firm

International Class

G06Q 40/00

Abstract

In a marketplace, offers are processed that are intended to be associated with other offers in a pool. The offers specify conditions for acceptance. Improvable offers are received that are capable of being associated with offers having more favorable specifications than initial offers associated with the improvable offers. Nonimprovable offers that have more favorable specifications than initial offers associated with improvable offers are identified. The identified nonimprovable offers are associated with corresponding improvable offers. Straddles, which comprise a set of offers and a limit on the associations, may span multiple pools. Information about the marketplace may be obtained from data generated by the operation of the marketplace.

Other References

  • Bailey, J. and Bakos, Y., An Exploratory Study of the Emerging Role of Electronic Intermediaries, International Journal of Electronic Commerce, vol. 1, No. 3, Spring 1997, pp. 7-20.
  • Martin Bichler, et al., Multi-Attribute Auction for Electronic Procurement, Mar. 1999, IBM/IAC Workshop on Internet-Based Negotiation Technology, Yorktown Heights, NY, pp. 1-13.
  • Online documents from www.shop2gether.com, Feb. 29, 2000, from www.archive.org, 4 pgs.
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