System and method for conducting a buy-side auction

A system, method, apparatus, and computer program code for conducting a buy-side auction includes defining a plurality of transformation functions available for use in the auction. An offer to sell the item requested in the auction is received from a seller, and at least one transformation function...

Full description

Saved in:
Bibliographic Details
Main Authors Grey, William, Feldman, Stuart, Kumar, Manoj, Shi, Dailun, Wu, Frederick, Eck, Brian, Dietrich, Brenda
Format Patent
LanguageEnglish
Published 27.02.2003
Online AccessGet full text

Cover

More Information
Summary:A system, method, apparatus, and computer program code for conducting a buy-side auction includes defining a plurality of transformation functions available for use in the auction. An offer to sell the item requested in the auction is received from a seller, and at least one transformation function is identified, based at least in part on the offer or the seller. The selected transformation function is applied to the offer to produce a transformed offer, and a state of the auction is updated based on the transformed offer.