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US 2006/0242055 A1Published application
System and method for encouraging competitive participation in an auction
OwnerJay Walker, Andrew Van Luchene +1inventors
InventorsJay Walker, Andrew Van Luchene, Daniel Tedesco
Life of this patent
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Abstract
In both an on-line and a conventional auction, an auctioneer may encourage competitive bidding behavior through the provision of rewards to those bidders whose bids meet predetermined criteria. For example, a bidder may be rewarded if her bid exceeds a prior bid by a threshold value. An auctioneer may further discourage non-competitive bidding behavior by penalizing those bidders whose bids fall below predetermined standards.
Claims2
A method for providing a reward to a bidder participating in an auction, the method comprising:
- identifying a product subject to bidding during an auction session;
- receiving a bid for the product from a bidder during the auction session;
- determining, based on a reward rule, whether the bidder is qualified to receive a reward, and if the bidder is qualified:
- transmitting, to the bidder, an indication that the bidder is qualified to receive the reward.
1 more element
2-66. (canceled)
Dependencies are inferred from the claim text.