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:
Jun. 03, 2014
Filed:
Mar. 26, 2012
Lawrence M. Ausubel, Washington, DC (US);
Peter C. Cramton, Bethesda, MD (US);
Paul R. Milgrom, Stanford, CA (US);
Lawrence M. Ausubel, Washington, DC (US);
Peter C. Cramton, Bethesda, MD (US);
Paul R. Milgrom, Stanford, CA (US);
Efficient Auctions LLC, Washington, DC (US);
Abstract
The present invention is a system and method to sell or procure complementary goods. A complementary good according to the invention is a good whose value or utility is enhanced when paired with another good, such a pair of goods is a communication license to encumbered spectrum and a complementary clearing right to clear the spectrum of its encumbrance. The invention provides automated procedures to facilitate the fashioning and sale of clearing rights so as to enhance the value of the communications license.