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:
Oct. 22, 2013
Filed:
Nov. 23, 2001
Lawrence M. Ausubel, Washington, DC (US);
Paul R. Milgrom, Stanford, CA (US);
Lawrence M. Ausubel, Washington, DC (US);
Paul R. Milgrom, Stanford, CA (US);
Efficient Auctions, LLC, Washington, DC (US);
Abstract
The present invention is a system and method for a computer-implemented auction, based on a system with multiple bidder and auctioneer computers or terminals (-) communicating with the server () over a network (). The computers (-) are employed by bidders, the computer () is employed by the auctioneer, and the server () is the auction computer. That server consist of a CPU (), memory (), a data storage device (), a communication interface (), a clock (), an operating system (), and an auction program (). In one embodiment, the system architecture is as a client-server system: the auction computer is a server; and the bidder and auctioneer are clients.