Method and system for conducting electronic auctions with net present value bidding
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United States of America Patent
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Mar 7, 2006
Grant Date -
N/A
app pub date -
Mar 31, 1999
filing date -
Mar 31, 1999
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method and system for an electronic auction is described. Bids by participating bidders are specified over multiple contract term segments (e.g., years), and define a pattern of cash payments over time. The auction system converts the defined pattern of cash payments over time into a net present value bid. The net present value bids are used to effect a comparison between participating bidders.
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