Title:
BILATERAL BIDDING PLATFORM FOR USE IN BULK SALE OF ITEMS IN AN ELECTRONIC MARKETPLACE
Document Type and Number:
WIPO Patent Application WO/2019/157349
Kind Code:
A3
Abstract:
Utilities (e.g., systems, methods, etc.) for facilitating a bilateral bidding process between buyers and sellers of items (services, products, bundles, etc.) to allow buyers to obtain lower prices on the items through crowd bidding while simultaneously allowing sellers to essentially offset such lower prices on the items through increased sales volume of the items. Specifically, the disclosed utilities may make use of a network-based ecommerce system or platform that provides sellers of items access to real-time buyer demand and the optimum price that a plurality of buyers (e.g., customers) are willing to pay that yields increased profits. The disclosed platform also benefits buyers in cases when multiple sellers compete for the then current plurality of buyer demand resulting in a reduced price for the item based on the then real-time demand.
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Inventors:
ABLANCZY MICHAEL (US)
Application Number:
PCT/US2019/017305
Publication Date:
April 16, 2020
Filing Date:
February 08, 2019
Export Citation:
Assignee:
ABLANCZY MICHAEL (US)
International Classes:
G06Q30/06
Foreign References:
| US20050187859A1 | 2005-08-25 | |||
| US20040039685A1 | 2004-02-26 | |||
| US20080015973A1 | 2008-01-17 | |||
| US20040128224A1 | 2004-07-01 |
Other References:
"Competition in Bilateral Wholesale Electric Markets: How Does it Work?", ELECTRIC MARKETS RESEARCH FOUNDATION, February 2016 (2016-02-01), XP055701820, Retrieved from the Internet [retrieved on 20190408]
Attorney, Agent or Firm:
SZUMNY, Jonathon, A. (US)
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