Methods, systems, and computer program products for dynamically bidding in and conducting multiple simultaneous online auctions located across multiple online auction sites
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Dec 13, 2005
Grant Date -
N/A
app pub date -
Sep 21, 2000
filing date -
Sep 21, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
The use of software-based agents to act on behalf of human bidders for dynamic participation in multiple simultaneous online auctions is disclosed. The software-based agents may reside on computer systems or on any type of stationary or mobile terminal. On the basis of bidding-related information from a bidder, a software agent selects a plurality of auctions to place bids in. Upon being outbid, the agent determines whether to place an additional bid in a further auction. The agent can make such a determination on the basis of maximising profitability or surplus.
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