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Multiparty computer-assisted haggling

  • US 8,423,422 B2
  • Filed: 06/30/2011
  • Issued: 04/16/2013
  • Est. Priority Date: 09/20/2006
  • Status: Active Grant
First Claim
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1. A computer-implemented system comprising the following computer components stored in a computer storage media and executable by one or more processors:

  • a plurality of seller proxies configured to negotiate offers to sell a plurality of similar items for respective sellers at respective proposed sell prices;

    a buyer proxy configured to negotiate an offer to purchase at least one of the plurality of similar items for a buyer at a proposed buy price; and

    a registration component configured to;

    receive one or more registration requests from;

    i) a seller proxy when a seller accepts the offer to purchase at the proposed buy price;

    orii) the buyer proxy when the buyer accepts an offer to sell at a proposed sell price;

    initiate one or more registrations after receiving the one or more registration requests, wherein each registration creates a binding agreement between the buyer and a seller; and

    resolve concurrency ensuring that the buyer does not purchase more than a pre-set quantity of similar items by terminating outstanding offers to purchase after the pre-set quantity has been satisfied.

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