US Patent No: 7,792,707
Number of patents in Portfolio can not be more than 2000
Method and system for controlling the initiation and duration of overtime interval in electronic auctions
Stats
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Sep 7, 2010
Issued date -
Oct 11, 2007
filing date -
11/974,523
serial no -
In Force
status
Importance
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Abstract
Control of overtime in an auction is disclosed. A first time interval, a second time interval, and a first closing time for a first lot are defined. It is determined that at least one new bid for the first lot is received during the first time interval. The new bid is received close to the first closing time. The first closing time is extended using the second time interval if the correlation between the new bid and the at least one other bid satisfies a trigger criterion that is based on a rank of the new bid and the at least one other bid.
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First Claim
Related Publications
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International Classification(s)
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- [Patents Count]
Cited Art
| Patent Info | (Count) | # Cites | Year |
|---|---|---|---|
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| 6,230,146 Method and system for controlling closing times of electronic auctions involving multiple lots | 102 | 1999 | |
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| 4,842,275 Method for conducting a competition | 25 | 1988 | |
| 5,243,515 Secure teleprocessing bidding system | 423 | 1990 | |
| 5,799,151 Interactive electronic trade network and user interface | 225 | 1995 | |
| 5,799,285 Secure system for electronic selling | 278 | 1996 | |
| 5,803,500 Method and kit for conducting an auction | 155 | 1997 | |
| 2009/0132,648 CONTENT DELIVERY AND GLOBAL TRAFFIC MANAGEMENT NETWORK SYSTEM | 2009 | ||
Patent Citation Ranking
Maintenance Fees
| Fee | Large entity fee | small entity fee | micro entity fee | due date |
|---|---|---|---|---|
| 3.5 Year Payment | $1600.00 | $800.00 | $400.00 | Mar 7, 2014 |
| 7.5 Year Payment | $3600.00 | $1800.00 | $900.00 | Mar 7, 2018 |
| 11.5 Year Payment | $7400.00 | $3700.00 | $1850.00 | Mar 7, 2022 |
| Fee | Large entity fee | small entity fee | micro entity fee |
|---|---|---|---|
| Surcharge - 3.5 year - Late payment within 6 months | $160.00 | $80.00 | $40.00 |
| Surcharge - 7.5 year - Late payment within 6 months | $160.00 | $80.00 | $40.00 |
| Surcharge - 11.5 year - Late payment within 6 months | $160.00 | $80.00 | $40.00 |
| Surcharge after expiration - Late payment is unavoidable | $700.00 | $350.00 | $175.00 |
| Surcharge after expiration - Late payment is unintentional | $1,640.00 | $820.00 | $410.00 |