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.
AI classification
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.