Method and apparatus for multiple variable bidding in an online auction
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Abstract
A method and apparatus for automatically updating the value of a bid variable or the total bid for a multi-variable bid in an online auction is disclosed. The method includes displaying an automatically adjustable mechanism interfaced to a bidder. Thereafter, the automatic bid adjustments are calculated using the mechanism.
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Citations
24 Claims
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1-4. -4. (canceled)
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5. A system for facilitating an auction, comprising:
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a processor configured to; receive a plurality of bid variables from a bidder, wherein at least one bid variable is designated as a fixed variable and wherein at least one bid variable is designated as an adjustable bid variable; receive a subsequent bid variable from the bidder; and adjust a total bid value for the bidder in accordance with the received subsequent bid variable and one or more rules governing the adjustment of bid variables designated as adjustable bid variables; and a memory configured to provide the processor with instructions. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A method for facilitating an auction, comprising:
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receiving a plurality of bid variables from a bidder, wherein at least one bid variable is designated as a fixed variable and wherein at least one bid variable is designated as an adjustable bid variable; receiving a subsequent bid variable from the bidder; and adjusting a total bid value for the bidder in accordance with the received subsequent bid variable and one or more rules governing the adjustment of bid variables designated as adjustable bid variables. - View Dependent Claims (21, 22, 23)
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24. A computer program product for facilitating an auction, the computer program product being embodied in a tangible computer readable medium and comprising computer instructions for:
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receiving a plurality of bid variables from a bidder, wherein at least one bid variable is designated as a fixed variable and wherein at least one bid variable is designated as an adjustable bid variable; receiving a subsequent bid variable from the bidder; and adjusting a total bid value for the bidder in accordance with the received subsequent bid variable and one or more rules governing the adjustment of bid variables designated as adjustable bid variables.
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Specification