NETWORK AUCTION SCHEME, WINNING BID DETERMINING SCHEME, APPARATUS THEREFOR, AND RECORDING MEDIUM HAVING THEIR PROGRAMS RECORDED THEREON
Patent №
US 7,401,047
Granted
2008-07-15
Filed 2001
Owner
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
Lab
—
AI components
1
hardware
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
09983934
To prevent a single bidder from profiting by submitting multiple false-name bids, an auctioneer: sets a threshold price r; determines the ranking i of the minimum value equal to or larger than r in a buyers' evaluation value sequence sorted in decreasing order and the ranking j of the maximum value equal to or smaller than r in a sellers' evaluation value sequence sorted in increasing order; if i=j, allows first to i-th buyers and sellers to trade at the price r; if i>j, allows first to j-th buyers and sellers to trade at a trade price of the (j+1)-th buyer's evaluation value for the buyers and at the threshold price r for the sellers; and if i<j, allows the first to i-th buyers and sellers to trade at the threshold price for the buyers and at a trade price of the (i+1)-th seller's evaluation value.
AI classification
Ownership
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
assignment · 197980793
Assignors
YOKOO, MAKOTO, SAKURAI, YUKO, MATSUBARA, SHIGEO
On an employer assignment, the assignors are typically the inventors.