SYSTEM AND METHOD FOR ENHANCING BUYER AND SELLER INTERACTION DURING A GROUP-BUYING SALE

Patent №

US 8,489,466

Granted

2013-07-16

Filed 2008

Owner

MERCATA, INC.

+1 more

Lab

AI components

1

planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

12051351

A method and system are provided that enable buyers and sellers to communicate with each other and to negotiate the purchase terms of featured merchandise in a group-buying opportunity. Sellers and buyers may use various forms of on-line group-buying mechanisms in conjunction with the negotiation features of the invention. Buyers may send various inquiries to sellers regarding merchandise offered for sale through the online group-buying sale. Sellers may respond to buyer questions and queries, and in some instances, sellers may communicate instructions to the on-line group-buying mechanism to alter the course of an on-line group-buying sale in progress, e.g., a further reduction in price. The method and system further provides a mechanism for calculating a demand curve based on received buyer offers and applying the demand curve to an on-line group-buying sale.

PlanningG06Q 30/06G06Q 30/0605G06Q 50/188

AI classification

Planning0.67
Natural language0.28
Evolutionary computation0.12
Knowledge representation0.02
Machine learning0.01
AI hardware0.00
Speech0.00
Vision0.00

Ownership

MERCATA, INC.

assignment · 268750292

VULCAN PORTALS, INC.

assignment · 268950979

Assignors

VAN HORN, TOM, WOODFORD, DALE A., HALBERT, RICHARD V., WAMPLER, KEVIN DEAN

On an employer assignment, the assignors are typically the inventors.

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