Method and system for conducting electronic auctions with multi-parameter price equalization bidding
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United States of America Patent
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Jul 24, 2007
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app pub date -
Mar 31, 1999
filing date -
Mar 31, 1999
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Abstract
A method and system for conducting electronic online auctions using multi-parameter price equalization bidding is disclosed. Bids defined in a context of a bidder are transformed into a comparative bid parameter that enables a common basis of comparison for the submitted bids. A transformed bid of a first bidder can also be detransformed into a context of a second bidder, thereby enabling each individual bidder to view a comparison of submitted bids in their own context.
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