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System and method for facilitating the valuation and purchase of information

  • US 6,195,646 B1
  • Filed: 05/13/1997
  • Issued: 02/27/2001
  • Est. Priority Date: 05/13/1997
  • Status: Expired due to Term
First Claim
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1. A computer system for dynamically metering information during an information transaction between two users pursuant to a plurality of pricing models associated with said metered information, a first of said users being an information seller and the second of said two users being an information purchaser, said computer system comprising:

  • a database containing therein said plurality of pricing models associated with said metered information, said database further containing a multiplicity of dimensions, a plurality of said dimensions applicable to each of said pricing models, and a plurality of factors applicable to each of said dimensions;

    an interface for said first user, accessible by said second user and offering said metered information to said second user, said second user selecting said metered information through said interface pursuant to at least one of said pricing models; and

    processing means for valuating said metered information pursuant to said at least one pricing model, said processing means dynamically applying said plurality of dimensions applicable to said at least one pricing model and dynamically applying said plurality of factors applicable to said plurality of applicable dimensions, generating a plurality of partial quotes associated with said at least one pricing model, and determining a price quote for said metered information pursuant to said at least one pricing model, wherein said multiplicity of dimensions associated with said metered information are selected from the group consisting of volume, freshness, prior dealings, enumeration, quality, competition, delivery, demand, external values, dynamic configuration, completeness and expression-based configuration.

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