H - Electricity – 04 – L
Patent
H - Electricity
04
L
H04L 12/16 (2006.01) G06F 17/60 (2000.01)
Patent
CA 2489132
The auction is carried out over a network in which the computers of potential bidders are used to access a web server. The server displays on the bidders' computers a description of an article to be auctioned and a table in association with the description. The table sets out consecutive intervals of time which run from a predetermined starting time and terminate at a predetermined later ending time. A price which diminishes in increments from the starting time to the ending time is also set out in the table. The server responds to entry of a bid by correlating the time of entry of the bid to the price associated with the time interval in which the time of entry of the bid occurs and records the price associated with the time of entry of the bid and the identity of the bidder. The server can also respond to a bid which is to take effect at some future date. In such case, the server records the amount bid and determines the time interval associated with the amount, and, on the date in which the time interval occurs, the server records the amount bid and the identity of the bidder.
Gram Reginald Henry
Wilbur James T.
LandOfFree
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