Patent ID: 8117107

Claim:
A computer-implemented method for analyzing new auction formats and rules comprising: estimating, performed by a computer system, bidder characteristics associated with potential auction participants; estimating, performed by said computer system, a value of an outcome of a market transaction to generate an estimated value; accessing, performed by said computer system, a set of new auction rules and formats; accessing, performed by said computer system, data from a previous auction, said data associated with at least one of said auction rules and formats; modeling, performed by said computer system, a new auction using said new auction rules, said formats and said bidder characteristics to generate a post modeled auction value; comparing, performed by said computer system, said post modeled auction value with said estimated value; and modifying, performed by said computer system, said bidder characteristics and repeating said modeling, said comparing and said modifying until said post modeled auction value is said estimated value.