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US 2006/0242056 A1Published application
System and method for encouraging competitive participation in an auction
AssigneeInventor Holdings, LLC
InventorsJay Walker, Andrew Van Lunchene, Daniel Tedesco
Life of this patent
Estimating the term…
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 s 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.