DYNAMICALLY DETERMINING BID INCREMENTS FOR ONLINE AUCTIONS

摘要

Bidding activity is analyzed over a duration in which multiple bids are received in the auction. A bid increment is dynamically determined for the auction in response to auction activity. An online auction system can utilize the bid increment to determine or suggest the next bid that can be received in the auction for purpose of supplanting the current bid.

主权项

1. A method for conducting an auction in a networked environment, the method being implemented by one or more processors and comprising:
providing a forum for conducting the auction, the forum including a bidder interface that enables bidding of an item being auctioned when the auction is in progress; monitoring for one or more types of auction activities during the auction; determining, from monitoring the one or more types of auction activities, an updated bid increment that is deemed more optimal than a default bid increment; and implementing the updated bid increment when conducting the auction.