Price determination for items of low demand
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United States of America Patent
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-
Dec 1, 2009
Grant Date -
Dec 28, 2006
app pub date -
Jun 28, 2005
filing date -
Jun 28, 2005
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A computer-implemented system that facilitates establishing price(s) associated with items comprises a clustering component that clusters a collection of non-identical items into one or more sets of non-identical items. A pricing component receives one or more of active bids and stored bids and simulates an auction of at least one non-identical item within one of the one or more sets of non-identical items as if the non-identical items within the set were identical to determine price(s) associated with the at least one non-identical item. For example, the items can be at least portions of search terms received by a search engine.
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