06151589 is referenced by 130 patents and cites 13 patents.

A method for performing continuous auctions over a computer network system consisting of a server/seller and multiple clients/buyers. The seller makes information about the type of sale items, the number of sale items, minimum bid price, time limits for bids to be submitted, and estimated time interval to the next auction decision available to the buyer by displaying it on buyers' computer terminals. Each buyer responds by entering a bid and such bid's duration, within the time limits set by the seller, in to the auction system through buyers' computer terminals. Additionally, a buyer's bid entry time is saved by the system. Determining the response time for present buyers to schedule the next auction. At least one auction winner, whose bid is within bid duration, is selected through a dynamically adjusted customer selection method.

Title
Methods for performing large scale auctions and online negotiations
Application Number
9/151200
Publication Number
6151589
Application Date
September 10, 1998
Publication Date
November 21, 2000
Inventor
Philip Shi Lung Yoo
Chappaqua
NY, US
Charu Chandra Aggarwal
Yorktown Heights
NY, US
Agent
Scully Soctt Murphy & Presser
Agent
David M Shofi Esq
Assignee
International Business Machines Corporation
NY, US
IPC
G06F 17/60
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