Invention Grant
- Patent Title: User-specified time-based proxy firing in online auctions
- Patent Title (中): 在线拍卖中用户指定的基于时间的代理触发
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Application No.: US09821106Application Date: 2001-03-29
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Publication No.: US07801793B2Publication Date: 2010-09-21
- Inventor: Leland James Wiesehuegel , Rebecca Lynn Roberts , Keith Ky Trieu Ho , Ernest Bracamontez
- Applicant: Leland James Wiesehuegel , Rebecca Lynn Roberts , Keith Ky Trieu Ho , Ernest Bracamontez
- Applicant Address: US NY Armonk
- Assignee: International Business Machines Corporation
- Current Assignee: International Business Machines Corporation
- Current Assignee Address: US NY Armonk
- Agent Robert H. Frantz; David A. Mims, Jr.; William H. Steinberg
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Delay-paced online proxy bidding by providing a counter bid delay value parameter for automatic proxy bidding on behalf of a user in an online auction; automatically checking by an application server a current bid level of the online auction having a plurality of bids from other participants separated in time to form a bidding pace; determining by an application server that any a proxy condition has been met; and placing by an application server computer a counter bid the auction responsive to the proxy conditions being met and a time following or upon the elapse of a counter bid delay from a time of placement of the current bid; wherein the automatic checking, determining and placing counter bids produce a delay paced online proxy bidding according to the counter bid delay value and wherein escalation of the pace of bidding within the auction system is avoided.
Public/Granted literature
- US20020188545A1 User-specified time-based proxy firing in online auctions Public/Granted day:2002-12-12
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