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:
Jan. 12, 2010
Filed:
Feb. 19, 2004
Kamal Jain, Bellevue, WA (US);
Mohammad Mahdian, Cambridge, MA (US);
Amin Saberi, Atlanta, GA (US);
Microsoft Corporation, Redmond, WA (US);
Abstract
The present invention leverages demarcation of an agent into both a demander and a supplier to provide a polynomial-time method of approximating a supply and demand system's equilibrium value. This provides, in one instance of the present invention, a simplified means to iteratively extract the equilibrium value. By providing demarcated data, the present invention accounts for both demand and supply effects of an agent within a modeled supply and demand system. In one instance of the present invention, a market equilibrium price vector is approximated by employing a revenue value generated for an agent in a current market equilibrium price iteration as a budget value for the agent in the next iteration. This permits market equilibrium value modeling that encompasses an agent's contributions to a market both as a buyer and a seller within the same market for a given good and/or service.