Method and system for dynamically controlling overtime in electronic auctions
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United States of America Patent
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Dec 19, 2006
Issued Date -
N/A
app pub date -
Apr 11, 2001
filing date -
Feb 19, 1999
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method and system for conducting electronic auctions is described. A dynamic lot closing extension feature avoids collisions in closing times of multiple lots by dynamically extending the closing time of a subsequent lot if a preceding lot's closing time is extended to be too close to the subsequent lot's then-currently scheduled closing time. In one embodiment, scheduled closing times can be extended with a flexible overtime feature, in which the properties of the event triggering the extension and the duration of the overtime period(s) can be tailored to a particular auction, particular lots of products within an auction, and to the particular time within an auction process.
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