EP1122668A3 - Method and system for conducting electronic auctions - Google Patents

Method and system for conducting electronic auctions Download PDF

Info

Publication number
EP1122668A3
EP1122668A3 EP01111703A EP01111703A EP1122668A3 EP 1122668 A3 EP1122668 A3 EP 1122668A3 EP 01111703 A EP01111703 A EP 01111703A EP 01111703 A EP01111703 A EP 01111703A EP 1122668 A3 EP1122668 A3 EP 1122668A3
Authority
EP
European Patent Office
Prior art keywords
lot
level
line item
adjusted
bid
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Ceased
Application number
EP01111703A
Other languages
German (de)
French (fr)
Other versions
EP1122668A2 (en
Inventor
Marc Alaia
David J. Becker
Anthony F. Bernard
Daniel C. Heckmann
Sam E. Jun. Kinney
Glen T. Meakam
Vincent E. Rago
Jason Reneau
Frederick W. Roberts
William D. Rupp
Robert G. Stevens
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
FreeMarkets Inc
Original Assignee
FreeMarkets Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US09/252,790 external-priority patent/US6230146B1/en
Application filed by FreeMarkets Inc filed Critical FreeMarkets Inc
Publication of EP1122668A2 publication Critical patent/EP1122668A2/en
Publication of EP1122668A3 publication Critical patent/EP1122668A3/en
Ceased legal-status Critical Current

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/08—Auctions

Abstract

A method of controlling automatic bid adjustments in an electronic auction system in the form of a computer network in real time is described. The method comprises setting at least one lot, each lot comprising one or more line items, providing a user interface for setting adjustment rules at a line item level for line item bids, inputting an adjusted bid at a lot level and, in response to the input of said adjusted bid at said lot level, automatically calculating adjusted bids at said line item level in real time in accordance with said adjustment rules. The invention also relates to an electronic auction system in the form of a computer network for performing the method.
EP01111703A 1998-09-18 1999-09-17 Method and system for conducting electronic auctions Ceased EP1122668A3 (en)

Applications Claiming Priority (7)

Application Number Priority Date Filing Date Title
US10114198P 1998-09-18 1998-09-18
US101141P 1998-09-18
US11084698P 1998-12-04 1998-12-04
US110846P 1998-12-04
US252790 1999-02-19
US09/252,790 US6230146B1 (en) 1998-09-18 1999-02-19 Method and system for controlling closing times of electronic auctions involving multiple lots
EP99951498A EP1114384A1 (en) 1998-09-18 1999-09-17 Method and system for conducting electronic auctions

Related Parent Applications (1)

Application Number Title Priority Date Filing Date
EP99951498A Division EP1114384A1 (en) 1998-09-18 1999-09-17 Method and system for conducting electronic auctions

Publications (2)

Publication Number Publication Date
EP1122668A2 EP1122668A2 (en) 2001-08-08
EP1122668A3 true EP1122668A3 (en) 2001-09-26

Family

ID=27443880

Family Applications (3)

Application Number Title Priority Date Filing Date
EP01111702A Ceased EP1122667A3 (en) 1998-09-18 1999-09-17 Method and system for conducting electronic auctions
EP01111712A Ceased EP1122669A3 (en) 1998-09-18 1999-09-17 Method and system for conducting electronic auctions
EP01111703A Ceased EP1122668A3 (en) 1998-09-18 1999-09-17 Method and system for conducting electronic auctions

Family Applications Before (2)

Application Number Title Priority Date Filing Date
EP01111702A Ceased EP1122667A3 (en) 1998-09-18 1999-09-17 Method and system for conducting electronic auctions
EP01111712A Ceased EP1122669A3 (en) 1998-09-18 1999-09-17 Method and system for conducting electronic auctions

Country Status (1)

Country Link
EP (3) EP1122667A3 (en)

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1997037315A1 (en) * 1996-03-29 1997-10-09 Onsale, Inc. Method and system for processing and transmitting electronic auction information

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1997037315A1 (en) * 1996-03-29 1997-10-09 Onsale, Inc. Method and system for processing and transmitting electronic auction information

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
BANÂTRE ET AL: "The Design and Building Of Enchère, A Distributed Electronic Marketing System", COMMUNICATIONS OF THE ACM, vol. 29, no. 1, January 1986 (1986-01-01), New York, NY, US, pages 19 - 29, XP000002077 *

Also Published As

Publication number Publication date
EP1122669A2 (en) 2001-08-08
EP1122669A3 (en) 2001-09-26
EP1122668A2 (en) 2001-08-08
EP1122667A3 (en) 2001-09-26
EP1122667A2 (en) 2001-08-08

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Inventor name: RENEAU, JASON

Inventor name: RAGO, VINCENT E.

Inventor name: MEAKAM, GLEN T.

Inventor name: KINNEY, SAM E., JUN.

Inventor name: HECKMANN, DANIEL C.

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Inventor name: RAGO, VINCENT E.

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Inventor name: KINNEY, SAM E., JUN.

Inventor name: HECKMANN, DANIEL C.

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