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:
Dec. 01, 2009
Filed:
Mar. 23, 2006
Rahul Jain, Berkeley, CA (US);
Charis Kaskiris, Berkeley, CA (US);
Pravin Varaiya, Berkeley, CA (US);
Jun Shu, State College, PA (US);
Ram Rajagopal, Berkeley, CA (US);
Nisha Sivasankara Pillai, San Francisco, CA (US);
Rahul Jain, Berkeley, CA (US);
Charis Kaskiris, Berkeley, CA (US);
Pravin Varaiya, Berkeley, CA (US);
Jun Shu, State College, PA (US);
Ram Rajagopal, Berkeley, CA (US);
Nisha Sivasankara Pillai, San Francisco, CA (US);
The Regents of the University of California, Oakland, CA (US);
Abstract
A double-sided exchange may be an exchange wherein both buyers and sellers provide bids for matching via the exchange. A first interface receives buy bids from buyers and a second interface receives sell bids from sellers. A controller matches the sell bids with the buy bids, yielding matched buy bids and matched sell bids in response thereto so that allocations of the matched buy bids and the matched sell bids maximize a surplus of the exchange. An allocation that substantially maximizes an auctioneer's profit and/or announces payments based on sell bids is provided. The announced allocations and prices can be shown to be a substantially competitive equilibrium in some applications.