METHOD AND SYSTEM TO ENABLE A FIXED PRICE PURCHASE WITHIN A MULTI-UNIT ONLINE AUCTION ENVIRONMENT
First Claim
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1. A computer-implemented method comprising:
- presenting to a buyer, using a computer processor in a network-based transaction facility, a multi-unit auction;
permitting said buyer, via said computer processor, to bid one or more of a price and a number of units in said auction; and
permitting said buyer, via said computer processor, to re-bid in said auction;
wherein said auction comprises a rule that prevents said buyer from reducing the price in said re-bid; and
wherein said auction comprises a rule that prevents said buyer from reducing the number of units in said re-bid.
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Abstract
A method includes presenting to a buyer a multi-unit auction, permitting the buyer to bid one or more of a price and a number of units in the auction, and permitting the buyer to re-bid in the auction. The auction includes a rule that prevents the buyer from reducing the price in the re-bid, and the auction further includes a rule that prevents the buyer from reducing the number of units in the re-bid.
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Citations
12 Claims
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1. A computer-implemented method comprising:
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presenting to a buyer, using a computer processor in a network-based transaction facility, a multi-unit auction; permitting said buyer, via said computer processor, to bid one or more of a price and a number of units in said auction; and permitting said buyer, via said computer processor, to re-bid in said auction; wherein said auction comprises a rule that prevents said buyer from reducing the price in said re-bid; and wherein said auction comprises a rule that prevents said buyer from reducing the number of units in said re-bid. - View Dependent Claims (2, 3, 4)
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5. A system comprising:
one or more computer processors in a network-based transaction facility that are configured to; present a buyer a multi-unit auction; permit said buyer to bid one or more of a price and a number of units in said auction; and permit said buyer to re-bid in said auction; wherein said auction comprises a rule that prevents said buyer from reducing the price in said re-bid; and wherein said auction comprises a rule that prevents said buyer from reducing the number of units in said re-bid. - View Dependent Claims (6, 7, 8)
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9. A machine-readable medium storing instructions, which, when executed by a processor, cause the processor to perform a process comprising:
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presenting to a buyer a multi-unit auction; permitting said buyer to bid one or more of a price and a number of units in said auction; and permitting said buyer to re-bid in said auction; wherein said auction comprises a rule that prevents said buyer from reducing the price in said re-bid; and wherein said auction comprises a rule that prevents said buyer from reducing the number of units in said re-bid. - View Dependent Claims (10, 11, 12)
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Specification