Method for Drop Auction of an Entity, Electronic System and Computer Program Product
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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N/A
Issued Date -
Nov 8, 2012
app pub date -
Apr 26, 2012
filing date -
Apr 28, 2011
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method for drop auction of an entity comprises providing an electronic system for auction of an entity, and allowing a selling party to enter a definition of the entity to be auctioned and a maximum asking price into the electronic system. An asking price which drops stepwise from the maximum asking price to a minimum asking price is determined. The entity is electronically offered by informing potential buyers about the current asking price. The number, the size and/or the duration of the steps by which the asking price drops is predetermined by a manager of the electronic system.
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