System and method for the efficient clearing of spectrum encumbrances
First Claim
1. A method implemented in a system comprising an auctioneer computer and a communications interface, said system arranged to receive information from a plurality of bidder computers, at least one of which is located remotely from the first computer, said method for conducting a first auction of a first set of items, said first auction conducted in association with a second auction of a second set of items, said first set of items being distinct from said second set of items, at least two bidders participating in the first auction, the method comprising:
- a) initiating the first auction by identifying the first set of items,b) receiving bids at the auctioneer computer for items in the first set of items from the communications interface,c) determining, using the auctioneer computer, whether the first auction should terminate,d) repeating b) and c) until the first auction is terminated, ande) assigning the first set of items to bidders based on the bids received in the first and the second auctions.
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Accused Products
Abstract
The present invention is a system and method to sell or procure complementary goods. A complementary good according to the invention is a good whose value or utility is enhanced when paired with another good, such a pair of goods is a communication license to encumbered spectrum and a complementary clearing right to clear the spectrum of its encumbrance. The invention provides automated procedures to facilitate the fashioning and sale of clearing rights so as to enhance the value of the communications license.
28 Citations
78 Claims
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1. A method implemented in a system comprising an auctioneer computer and a communications interface, said system arranged to receive information from a plurality of bidder computers, at least one of which is located remotely from the first computer, said method for conducting a first auction of a first set of items, said first auction conducted in association with a second auction of a second set of items, said first set of items being distinct from said second set of items, at least two bidders participating in the first auction, the method comprising:
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a) initiating the first auction by identifying the first set of items, b) receiving bids at the auctioneer computer for items in the first set of items from the communications interface, c) determining, using the auctioneer computer, whether the first auction should terminate, d) repeating b) and c) until the first auction is terminated, and e) assigning the first set of items to bidders based on the bids received in the first and the second auctions. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 73)
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13. A system for conducting a first auction of a first set of items, said auction conducted in association with a second auction of a second set of items, said first set of items being distinct from said second set of items, said system allowing at least two bidders to participate in the first auction, the system comprising:
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a) means for initiating the first auction by identifying the first set of items, b) means for receiving bids from bidders for items in the first set of items, c) means for determining whether the first auction should terminate, d) means for repeating the receiving and determining until the first auction is terminated, and e) means for assigning the first set of items to bidders based on the bids in the first and second auctions. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 74)
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25. A method implemented in a system comprising an auctioneer computer and a communications interface arranged to receive information from a plurality of bidder computers, at least one of which is located remotely from the first computer, said method for conducting a first auction of a first set of items and a second auction of a second set of items, said first set of items being distinct from said second set of items, at least two bidders participating in each of the auctions, the method comprising:
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a) initiating the first auction by identifying the first set of items, b) initiating the second auction by identifying the second set of items and receiving bids therefor, c) receiving bids for items in the first set of items at the auctioneer computer from the communications interface, d) determining, using the auctioneer computer, whether the first auction should terminate, e) repeating c) and d) until the first auction is terminated, and f) assigning the first set of items to bidders based on the bids in the first and second auctions. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 75)
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37. A system for conducting a first auction of a first set of items and a second auction of a second set of items, said first set of items being distinct from said second set of items, said system allowing at least two bidders to participate in each of the auctions, the system comprising:
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a) means for initiating the first auction by identifying the first set of items, b) means for initiating the second auction by identifying the second set of items and receiving bids therefor, c) means for receiving bids from bidders for items in the first set of items in the first auction, d) means for determining whether the first auction should terminate, e) means for repeating the receiving and determining until the first auction is terminated, and f) means for assigning the first set of items to bidders based on the bids in the first and the second auctions. - View Dependent Claims (38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 76)
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49. A computer system for conducting a first auction of a first set of items and a second auction of a second set of items, said computer system comprising an auctioneer computer including a communications interface arranged to receive information from a plurality of bidder computers, at least one of which is located remotely from the first computer, said first set of items being distinct from said second set of items, said system allowing at least two bidders to participate in each of the auctions, the computer system:
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a) initiating the first auction by identifying the first set of items, b) initiating the second auction by identifying the second set of items and receiving bids therefor, c) receiving bids for items in the first set of items at the auctioneer computer, d) determining, using the auctioneer computer, whether the first auction should terminate, e) repeating c) and d) until the first auction is terminated, and f) assigning the first set of items to bidders based on the bids in the first and second auctions. - View Dependent Claims (50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 77)
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61. A computer system for conducting a first auction of a first set of items, said auction conducted in association with a second auction of a second set of items, said computer system comprising an auctioneer computer including a communications interface arranged to receive information from a plurality of bidder computers, at least one of which is located remotely from the first computer, said first set of items being distinct from said second set of items, said computer system allowing at least two bidders to participate in the first auction, the computer system:
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a) initiating the first auction by identifying the first set of items, b) receiving bids for items in the first set of items at the auctioneer computer, c) determining, using the auctioneer computer, whether the first auction should terminate, d) repeating b) and c) until the first auction is terminated, and e) assigning the first set of items to bidders based on the bids in the first and second auctions. - View Dependent Claims (62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 78)
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Specification