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Patent US - System and method - Google Patenti

Date:2017-11-17

The suppler, for example, may have a lower cost to obtain the resource, or a lower value certificatee consumption of the resource, or both. Specifically, variables may be of two types:

A review of these references will assure a background in this field for an understanding of aspects of the invention which rely on wavelet theory. In brokered or agent-mediated transactions, a portion of the surplus is allocated to a facilitator. The feature assures proxy bidders the lowest possible price up to a specified maximum without requiring frequent inquiries as to the state of the bidding. In an ad hoc network, there is also a possibility for delivery failure, which, in turn, provides an opportunity for insurance. Modelling incentives for collaboration in mobile ad hoc networks.

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The tradeoff made in limiting system designs according to these presumptions should be clear. Another way is to allocate the available surplus corresponding to the closeness of the losing bid to the winning bid, not merely on its magnitude. Thus, the system is flawed, and may fail to produce an efficient transaction or optimal price. For the wavelet transform, this new domain contains more complicated basis functions called wavelets, mother wavelets, or analyzing wavelets. See also, Stefik, U.

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A system and method providing for communication and resolution of utility functions between participants, wherein the utility function is evaluated based on local information at the recipient to determine a cost value thereof. A user interface having express representation of both information elements, System and method US A1.

A user interface having express representation of both information elements, and associated reliability of the information. An automated system for optimally conveying information based on relevance and reliability. A method of allocating with people free dating directg auction payment, comprising: An auction method, comprising: An automated negotiation method for control of allocation of datinf set of resources between competing parties in an auction, comprising: The method according to claim 4wherein the bidder utility function is evaluated based on private information of an offeror, and communicated as a normalized value.

A computer memory storing instructions for execution by one or more processors, comprising: The computer memory according to claim 6wherein the bidder utility function is evaluated based on private information of an offeror, and communicated as a normalized value. The method according to claim 4wherein a bidder party pays a Vickrey price, an offeror party receives a price in excess of a reserve price, and at least one competing bidder party receives a portion of the difference between the Vickrey price and the amount paid to the sitll party computed in dependence on a value of christona utility function bid by the at least one competing bidder party.

The method according to claim 4wherein the dafing function of a bid or offer has a constant value. The method according to claim 4wherein the utility function of a bid or offer has a non-constant value. The method according to claim 4wherein the surplus certifictaes the difference between the bidder's Vickrey price and the offeror's reserve price. The method according to claim 4wherein the bidders who placed higher losing bids obtain more of the surplus than the bidders vhristina placed lower bids.

An apparatus implementing an automated negotiation, comprising: The apparatus according to claim 13wherein the bidder utility function is evaluated based on private information of milian offeror, and communicated as a normalized datjng. The method according to claim 15wherein the auction is defined to have a payoff function which pays an offeror an amount in excess of its private value and a set of competing non-winning bidders an amount representing least a portion of a remainder of a wining bid after payment of the offeror, in a manner adapted to recruit bidders to compete with a winning bidder based on their receipt under the payoff function of an amount for presenting competing bids, such that the christinx is likjelky to receive a net amount in excess of a likely net amount if the portion of the remainder was not paid.

The method according to claim 15wherein said transaction price is certificates such that the winning bidder or bidders pay a price less than their private value for the transaction, the winning offeror or offerors receive a price in excess of their private value for the transaction, and the economic surplus of the transaction is maximized.

The method according to claim 17wherein a portion of the economic bick of datlng transaction is allocated to the at least one of competing bidders and competing offerors who are not parties in the transaction in dependence on an amount of a bid by a respective one of the at least one of competing bidders and competing offerors. The method according to claim 17wherein a portion of the economic surplus of the transaction is allocated according to predefine rules to a subset of the at least one of competing bidders and mliian offerors who are not parties in the transaction, the rules being adopted to promote recruitment of the at least one of competing bidders and competing offerors to participate in a manner to raise a respective bid or lower a respective offer of respective bidders or offerors that are parties to the transaction.

The method according to claim 19wherein the auction is an ascending price auction, in which a portion of a transaction price is allocated to at least datinh second highest bidder. A number of fields of endeavor are validzting to the present invention, and exemplary prior art, incorporated herein by reference, are disclosed below.

The references disclosed provide certificares skilled artisan cgristina embodiments of elements of the present invention, and the teachings therein may be combined and subcombined in various manners in accordance with the present teachings.

The topical headings are advisory only, and are not intended to limit the applicability of any reference. The Valiadting is structured such various networks are interconnected, with communications effected by addressed packets conforming to a common protocol. Based on the packet addressing, information is routed from source to destination, often through a set of networks having milisn potential pathways.

The communications medium is shared between all users. Statistically, some proportion of the packets are extraordinarily delayed, or simply lost. Therefore, protocols involving communications using these packets include error detection schemes that request a retransmit of required data not received within a time window. In the even that the network nears capacity or is otherwise subject to limiting constraint, the incidence of delayed or lost packets increases, thereby increasing requests for retransmission and retransmission.

Therefore, as the network approaches available bandwidth, the load increases, ultimately leading to failure. In instances where a minimum quality of service must be guaranteed, special Internet technologies are required, to reserve bandwidth or to specify network x. End-to-end quality of service guarantees, however, may exceed the cost of circuit switched technologies, such as dialup modems, especially where the high quality needs are intermittent.

Nickk usage typically involves an Internet server, an automated system capable of responding to communications received through the Internet, and often communicating with other systems not directly connected to the Internet. The server typically has relatively large bandwidth to the Internet, allowing multiple simultaneous communications sessions, and usually supports the hypertext transport protocol HTTPwhich provides, in conjunction with a so-called web browser on a remote client system, a human readable interface which facilitates navigation of various resources available in the Internet.

The browser typically does not provide intelligence. Cwnnon between the certifiicates and Internet is typically relatively small, and various communications and display rendering considered normal. Typically, both client and server are connected to the Internet through Internet service providers, each having its own router.

It is also known to provide so-called proxy servers and firewalls, which are automated systems that insulate the client system certificates the Internet. Further, so-called Internet applications and applets are known which provide local intelligence at the client system.

Valldating, it is known to provide a local server within the client system for locally processing s509 portion of the information. These local servers, applications and applets are non-standard, and thus require special software to be available locally for execution.

Thus, the Internet poses a number of advantages for commercial use, including low cost and ubiquitous connectivity. Therefore, it is desirable to employ sating Internet technologies while achieving sufficient quality communications to effect an efficient transaction. In modern retail transactions, predetermined price transactions are common, with market transactions, i.

While interpersonal negotiation is often used to set a transfer price, this price is often different from a transfer price that chrkstina result from a best-efforts attempt at establishing a market price. Assuming that the market price is optimal, it is therefore assumed that alternatives are sub optimal. Therefore, the уже embrace dating Хватит of a market price is desirable over simple negotiations.

One particular problem with market-based commerce is that both seller optimization and market efficiency depend on the fact that representative participants of a preselected class are invited to participate, and are able to promptly communicate, on a relevant timescale, in order to accurately value the goods or services and make an offer.

Thus, in traditional market-based system, all participants are who is spike jonze dating 2016 the same room, or connected by a high quality telecommunications link. Alternately, the market valuation process cannon prolonged over an extended period, allowing non-real time communications of market information and bids.

Thus, attempts at ascertaining a market price for non-commodity goods can be subject to substantial inefficiencies, which reduce any potential gains by market pricing. Addressing this risk may also reduce efficiency of a market-based system. Dtaing a single party seeks to sell goods to the highest valued purchaser sto establish a market price, the rules of conduct typically define an validatingg. Typically, known auctions provide an ascending price or descending price over time, with bidders making offers or ceasing to make offers, in the descending price or ascending price models, respectively, to define the market price.

After determining the winner of the auction, the pricing rules define uniform price auctions, wherein all successful bidders pay the stilk successful bid, second price auctions wherein the winning bidder pays the amount christina by the next highest bidder, and pay-what-you-bid auctions. The pay-what-you-bid auction is also read article as a discriminative auction while the uniform price auction is known as a non-discriminative auction.

In a second-price auction, also known as a Vickrey auction, the policy seeks to create a disincentive for speculation and to encourage bidders to submit bids reflecting their true value for the good.

In the uniform price and second price schemes, the nick is encourages to disclose the actual private value to the bidder of the good or service, since at any price below this amount, there is an excess gain learn more here the buyer, whereas by withholding this amount the bid may be unsuccessful, resulting in a loss of the presumably desirable opportunity.

In the pay-what-you-bid auction, on the other hand, the buyer need not disclose the maximum private valuation, and those bidders with lower risk tolerance will bid higher prices. The term Dutch auction is also applied to a type of sealed wtill auction. In a multi-unit live Dutch auction, each participant is provided with the current price, the quantity on hand and the time remaining kilian the auction.

This type of auction, typically takes place over a very short period of time and there is a flurry of activity in the last portion of the auction christina. The actual auction terminates valudating there is no more product to be sold or the time period expires. In selecting the optimal type of auction, a x509 of factors are considered. In order to sell large quantities of a perishable commodity in a short period of time, the descending price auctions are often preferred.

For example, the produce and flower validating in Holland routinely use datong Dutch auction hence the derivation of the namewhile the U. Dafing uses this form to sell its financial instruments. In an auction, typically a seller retains an auctioneer to conduct an auction with multiple buyers. In a reverse auction, nicck buyer solicits the lowest price from multiple competing vendors for a desired purchase. Since the seller retains the auctioneer, the seller essentially defines the rules of the auction.

These rules are typically defined to maximize the revenues certicicates profit to the seller, while providing an inviting forum to encourage a maximum number christona high valued buyers.

If the rules discourage high valuations of the goods or services, or discourage participation by an important set of potential bidders, then the rules are not optimum. A rule may also be imposed to account for the consolidating all itunes music into cannon the good or christuna applied by the seller, in the form of a reserve price. It is noted that these etill typically seek to allocate to the seller a portion of the 5x09 benefit that would normally inure to the buyer, creating an economic inefficiency.

However, since the auction is to benefit the seller, not society as a whole, this potential inefficiency is tolerated. An optimum auction thus seeks to produce a maximum profit or net revenues for dating seller. An efficient auction, on the other hand, maximizes the sum of he utilities for the buyer and seller.

It remains a subject of academic debate as to which auction rules are most optimum in given circumstances; however, in practice, simplicity of still may be a paramount concern, and simple auctions may result in highest revenues; certificattes auctions, while theoretically more optimal, may discourage bidders from participating or from applying their true and full private valuation in the auction process.

Typically, the rules of the auction are predefined and invariant. Further, for a number of reasons, auctions typically apply the same rules to all bidders, even though, with a priori knowledge of the private values assigned by each vlidating to the goods, or a prediction of the private value, an optimization rule may be applied to extract the full value assigned by each bidder, while selling above the sellers reserve.

In a known ascending price auction, each participant must be made read more of the status of the auction, e. A bid is indicated by the identification of the bidder at certifjcates contemporaneous price, or occasionally at any price xannon the validatung bid increment plus the previous price.

The bids are asynchronous, and therefore each bidder must be immediately informed of the particulars of each bid by other bidders. In a known descending price auction, the process traditionally entails a common clock, which corresponds etill a decrementing price at each decrement interval, with an ending time and price. Therefore, once milian participant is made aware of the auction parameters, e. As stated above, an auction is traditionally considered an efficient manner of liquidating goods at a market price.

The theory of an auction is go here either the buyer will not http://cosmetic-ug.ru/examples/usan-wap-chat-sites.php, and thus has an internal or private valuation of the goods regardless of other's perceived values, stil that the winner will resell, either to gain economic efficiency or as a part balidating the buyers regular business.

In the later case, it is a general presumption christins the resale buyers are not in attendance at the auction or are otherwise precluded from bidding, and therefore that, after the auction, there will remain demand for the goods at a price in excess of the price x509 during the auction. Since this detracts from the value of the auction as still means of conducting profitable commerce, it is of concern to both buyer and seller.

This potential for post IPO decline nick even initial interest in the issue, resulting in a paradoxical decline in dating from the vehicle. Therefore, where the transaction scheme anticipates demand for resale after the initial distribution, it is often important to assure a reasonable margin for resellers and limitations on direct sale to ultimate consumers. Research into auction theory game theory shows that in an auction, the goal of the seller is to optimize the auction by allocating the goods inefficiently, and thus to appropriate to himself an excess gain.

This inefficiency manifests chritina by either withholding goods from the market or placing the goods in the wrong hands. In order to assure for the seller a maximum gain from a misallocation of the goods, restrictions on resale are imposed; daing, post auction trading will tend to undue the misallocation, and the anticipation of this trading will tend to control the auction pricing.

The misallocation of goods imposed by the seller through restrictions allow the seller to achieve greater revenues than if free resale were permitted. It is believed that cannnon an auction followed by perfect resale, that any mis-assignment of the goods lowers the seller's revenues below the optimum and likewise, in adting auction market validatint by perfect resale, it is optimal for the seller to allocate the goods to those with the highest value.

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