System and Method For Buying and Selling Event Tickets
First Claim
1. A computer-implemented trading system for facilitating the buying and selling of tickets to events, the system comprising one or more processors configured to:
- receive a request from a user for availability information for a ticket to an event;
conduct a search of a database for an available ticket to the event; and
determine whether the ticket can be sold based on a rule for restricting ticket sales to a period of time that begins shortly before the beginning of the event and continues during the event.
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Abstract
A system and method are provided for facilitating the buying and selling of event tickets. The system and method disclosed herein includes a system and method for valuing and selling unsold tickets shortly before and/or during the event. Embodiments disclosed herein allow users to interact with a ticket trading system via telephone or internet in order to search for tickets available for sale. The disclosed system and method can incrementally adjust the prices of the available tickets according to one or more demand variables having values that reflect various demand indicators. The values of the demand variables can be established based on demand indicators evaluated shortly before and/or during the event.
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Citations
41 Claims
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1. A computer-implemented trading system for facilitating the buying and selling of tickets to events, the system comprising one or more processors configured to:
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receive a request from a user for availability information for a ticket to an event; conduct a search of a database for an available ticket to the event; and determine whether the ticket can be sold based on a rule for restricting ticket sales to a period of time that begins shortly before the beginning of the event and continues during the event. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A computer-implemented method of facilitating the buying and selling of tickets to events, the method comprising:
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receiving a request from a user for availability information for a ticket to an event; conducting a search of a database for an available ticket to the event; and determining whether the ticket can be sold based on a rule for restricting ticket sales to a period of time that begins shortly before the beginning of the event and continues during the event. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A computer-implemented trading system for facilitating the buying and selling of tickets to events, the system comprising one or more processors configured to:
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receive a request from a user for availability information for a ticket to an event; conduct a search of a database for an available ticket to the event; and calculate a price for the ticket based at least in part on a value of at least one demand variable, wherein the value of the demand variable is established during a period of time that begins shortly before the beginning of the event and continues during the event. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21)
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22. A computer-implemented method for facilitating the buying and selling of tickets to events, the method comprising:
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receiving a request from a user for availability information for a ticket to an event; conducting a search of a database for an available ticket to the event; and calculating a price for the ticket based at least in part on a value of at least one demand variable, wherein the value of the demand variable is established during a period of time that begins shortly before the beginning of the event and continues during the event. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30)
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31. A method of valuing tickets to an event, the method comprising:
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determining at least one of (a) an amount of time that has elapsed since the beginning of the event, and (b) an amount of time until the event is expected to end; and decreasing a value of a ticket to the event based on the thus determined amount of time. - View Dependent Claims (32, 33, 34, 35, 36)
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37. A method of adjusting ticket prices for an event, the method comprising:
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determining a price for a ticket to the event; performing one or more iterations of a pricing process that includes; determining the value of one or more demand variables; determining whether to change the price of the ticket to the event based on the thus determined values; and if it is determined that the price should change, adjusting the price of the ticket based at least in part on the value of the one or more demand variables. - View Dependent Claims (38, 40, 41)
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Specification