The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 03, 2009
Filed:
Mar. 18, 2004
Tuomas Sandholm, Pittsburgh, PA (US);
Richard James Mckenzie, Jr., Butler, PA (US);
David L. Levine, Chesterfield, MO (US);
David C. Parkes, Cambridge, MA (US);
Subhash Suri, Santa Barbara, CA (US);
Vincent Conitzer, Pittsburgh, PA (US);
Robert L. Shields, Pittsburgh, PA (US);
Benjamin Schmaus, Pittsburgh, PA (US);
Christopher Cole, Pittsburgh, PA (US);
Tuomas Sandholm, Pittsburgh, PA (US);
Richard James McKenzie, Jr., Butler, PA (US);
David L. Levine, Chesterfield, MO (US);
David C. Parkes, Cambridge, MA (US);
Subhash Suri, Santa Barbara, CA (US);
Vincent Conitzer, Pittsburgh, PA (US);
Robert L. Shields, Pittsburgh, PA (US);
Benjamin Schmaus, Pittsburgh, PA (US);
Christopher Cole, Pittsburgh, PA (US);
CombineNet, Inc., Pittsburgh, PA (US);
Abstract
In a live, expressive combinatorial exchange, each of a plurality of bidders can submit a bid. Based on the submitted bids, an allocation of the bids is determined that is optimal for the type of exchange being conducted. At least a portion of each bid of the allocation is displayed to each bidder of a first subset of the bidders that has at least one bid that is not included in the allocation. Each bidder of a subset of the first subset of bidders can then amend one or more of their existing bids or submit a new bid that is considered the next time the allocation is determined. The process of feeding back at least a portion of each bid of the allocation, submitting new bids or amendments to existing bids, and determining a new allocation based on all of the submitted bids continues until a predetermined condition is satisfied.