×

System and method for providing a payment to a non-winning auction participant

  • US 8,600,830 B2
  • Filed: 07/16/2010
  • Issued: 12/03/2013
  • Est. Priority Date: 02/05/2003
  • Status: Active Grant
First Claim
Patent Images

1. An auction method, comprising:

  • defining a set of rules defining a payment to be made as an incentive for at least one actual or potential auction participant to compete in an auction for a right, the payment being dependent on at least one intermediate state in the auction associated with an incentivized activity of the at least one actual or potential auction participant;

    conducting the auction; and

    determining the incentive payment by an automated computing device made to the at least one actual or potential auction participant based on at least the intermediate state, wherein at least one bidder or offeror which is non-winning in the auction for the right is determined to receive the payment.

View all claims
  • 1 Assignment
Timeline View
Assignment View
    ×
    ×