Auction procedure for use with a special purpose digital computer for an efficient achievement of limited resources in a competing environment

• US 8,140,426 B2
• Filed: 01/09/2008
• Issued: 03/20/2012
• Est. Priority Date: 01/09/2008
• Status: Expired due to Fees

• Current Assignee: Universitat de Girona
• Original Assignee: Universitat de Girona
• Inventors: De La Rosa I Esteva, Josep Lluis, Szymanski, Boleslaw K.
• Primary Examiner(s): Kyle, Charles
• Assistant Examiner(s): NIQUETTE, ROBERT R
• Application Number:
  US11/971,451
• Publication Number:
  US 20100023439A1
• Time in Patent Office: 1,532 Days
• Field of Search: None
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

An auction procedure intended to replace the known review process by an auction based approach is provided. The better a submitted work by an author, the more this author may bid to have it appear in some congresses or journals. If the assessment of quality represented by the bid is right, the author will be rewarded in some new sort of scientific currency, otherwise the author will suffer loses of the currency.

Claims

1. An auction procedure for use with a special purpose digital computer for an efficient achievement of limited resources in a competing environment, including:

a number of agents a_i each of them capable of providing some contribution to a subject K involving some work, action or knowledge to be executed or already developed and authored by one of said agents in an environment or Arena;

an authority that certificates a number of account units on a given currency assigned as a result of a contribution of any of said agents a_i;

in said Arena;

a wallet w_i containing an amount of currency that belongs to a an agent a_i at a given moment;

the method comprising;

providing a special purpose digital computer and operationally associating said Arena, said subject, wallets of said agents and said accounting units with said computer;

each of the agents a_i before providing a contribution to a given subject making a bid in association with said computer on a predicted return on action (PRoA) referring, a predicted amount value of an action obtainable for a contribution given to a subject K in said environment or Arena;

said bid of said agent a_i being based on a PRoA said wallet w_i so that maximum amount of the bid is limited for the amount in the wallet;

for any of the agents a_i entering into the Arena deduce the amount of the bid based on a PRoA from the corresponding initial wallet w_i;

performing in association with said computer a check after at least a given period of time about the return value granted by said authority to a given contribution or (RoA) for any of the agents a_i having entered into the Arena with a bid; and

adjusting in association with the computer the wallet w_i of the agent a_i in case the given contribution thereof has obtained a positive return value (RoA) over the PRoA used in the bid.

2. The auction procedure according to claim 1, further comprises:

where;

U={a_i} the universe of agents;

W={w_i} the wallets of all i agents in the universe U, measured in units;

b_i,k a bid from an agent a_i resulting from a PRoA of said agent a_i with respect to a subject k;

such that b_i,k<

w_i;

k_i the particular contribution of agent i with respect to k; and

and B_k={b_i,k} the bids of all i agents with respect to k;

for every k that awaits the contributions and bids of the agents in a universe U;

for every agent a_f=winner (Arena (CM, B_k)) with contribution k_f, and bid b_f,k;

w_fin;

=w_f−

b_f,k;

w_fΔ

t;

=w_f+RoA(k_f)Δ

t

w_fen;

=w_f+RoA(k_f)α

wherein;

w_fin is the initial wallet of agent a_f after paying a bid based on a PRoA for k;

w_fα

t is the wallet of agent a_f after having been updated incrementally by Δ

t intervals with the RoA(k_f); and

3. The auction procedure according to claim 2, wherein when an agent has no amount at a given moment in a corresponding wallet it is necessary to borrow an amount from another agent.

4. The auction procedure according to claim 2, wherein said authority that certifies results includes an entity acting as a Bank that periodically performs the following:

verifying the RoA and assigns them to agents (authors) to update their wallets w_i;

preventing fraud in terms of fraudulent generation of currency; and

escrowing transactions/agreements/loans among agents, etc, and keeping the related correspondence private.

5. The auction procedure according to claim 4, wherein said authority is in addition a monetary authority to manage the community of agents and to encourage interdisciplinary contributions.

6. The auction procedure according to claim 2, wherein a contribution method (CM) is used to select contributions that use a given currency in said Arena.

7. The auction procedure according to claim 2, used for a scientific management wherein said Arena is a scientific context and in that said PRoA is a citation or citations that issuing a work will generate in some scientific community, involving a public act where an agent refers to a contribution of another agent.

8. The auction procedure according to claim 6, wherein every agent a_i is allowed to cite another agent, but not himself, and an external (different from authors cited or citing) authority is allowed to verify the number of citations.

9. The auction procedure according to claim 8, wherein said external authority is said authority that certificates results.

10. The auction procedure according to claim 2, wherein said Arena is a commercial environment where said agents a_i provide a sale strategy.

11. The auction procedure according to claim 1, wherein when an agent has no amount at a given moment in a corresponding wallet it is necessary to borrow an amount from another agent.