Transaction mechanism of e-commerce

A transaction mechanism of e-commerce is that seller participates in buying auction or buyer participates in selling auction, the bottom price offered by seller and the top price offered by buyer for deal are determined in advance, and the starting bidding price and reserved price in buying and sell...

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Bibliographic Details
Main Authors JIANG, JIUNG-TSUNG, JANG, YI-HAU, PAN, SHIN-YI, LIN, TZUNG-YAU
Format Patent
LanguageEnglish
Published 21.08.2001
Edition7
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Summary:A transaction mechanism of e-commerce is that seller participates in buying auction or buyer participates in selling auction, the bottom price offered by seller and the top price offered by buyer for deal are determined in advance, and the starting bidding price and reserved price in buying and selling auctions; when last bidding price already reaches reserved price, the one among all buyers dealing with seller who offers the best bidding price gets the transaction done. The difference between the reserved price and the starting price shall be also positioned at a proper range such that the final deal price falls in the bottom price offered by seller and the top price offered by buyer for deal in order to attain the principle of fair trade.
Bibliography:Application Number: TW19990119801