摘要 |
A method and system of conducting an on-line auction of specific products of a product type so that winning bid amounts among the specific products will vary, a wide range of types of buyers will bid and the quantity offered is affected by the number of bidders. The system fixes a set time frame in which all bidding for all specific products of the product type is to occur. For a specific product of the product type a number of bids is fixed sufficient to trigger an end to bidding and offering an additional specific product of the product type. For each specific product a number is randomly selected and used to fix the starting price of the specific product. Bidders are advised the starting price for the specific product, the fixed number of bids for each specific product offered and the set time frame.
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