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. 11, 2012
Filed:
Mar. 16, 2012
Clarence C. Mysen, Menlo Park, CA (US);
Johnny Chen, Mountain View, CA (US);
Clarence C. Mysen, Menlo Park, CA (US);
Johnny Chen, Mountain View, CA (US);
Google Inc., Mountain View, CA (US);
Abstract
The price of digital content is set by a pricing module using data obtained from a statistics module. The statistics module includes historical information about a content author's previous works, including demand for those works, and tracks data such as how many downloads are requested for the current content being priced, how many users are watching or listening to previews of the digital content, and where users are located. The pricing module may make content available for free initially; alternatively an initial non-zero price is chosen. The pricing module increases the price and observes changes in demand to determine a best-fit demand curve. Once the best-fit demand curve is determined, a price for the content is selected to maximize revenue. As the demand curve shifts, the price is adjusted to maintain optimal demand. Price is also adjusted proactively based on demand predictions determined according to statistical and historical data.