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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
First Claim
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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 ai 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 ai;

    in said Arena;

    a wallet wi containing an amount of currency that belongs to a an agent ai 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 ai 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 ai being based on a PRoA said wallet wi so that maximum amount of the bid is limited for the amount in the wallet;

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

    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 ai having entered into the Arena with a bid; and

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

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