Patent ID: 7516093
Filing Date: 2009-04-07
Classification: G06Q

Abstract:
1. A computerized method, for auctioning an asset, implemented by executable software embodied in a computer system, the computerized method comprising: displaying a description of the asset; receiving a bid from a bidder, each bid comprising a price the bidder is willing to pay and a number of other bidders with which the bidder is willing to share the asset; solving an optimization problem that maximizes revenue by determining a first set of winning bidders; determining a first sum by summing the prices offered by the bidders in the first set; solving the optimization problem with the winning bidders excluded to determine a second set of winning bidders; determining a second sum by summing the prices offered by the bidders in the second set; allocating the asset to each bidder in the first set; and charging each bidder in the first set a payment, the payment determined by at least one of: wherein all of the steps of the method are executed by the executable software.