| 摘要 |
The invention is an auction method for setting prices and accepting bid amounts in time deterministic sales transactions such that a number of bidding slots are available each day of the auction term, each bidding slot with a reserve bid amount, allowing a bidder to make a bid at one of the reserve bid amounts, at which time all bid slots after the time of the bid slot containing the bid become unavailable, and as time passes, each bid slot containing a reserve bid amount that is earlier than then current time also becomes unavailable. The reserve bid amounts that remain available are increased, thus requiring subsequent bidders to make a bid early in order to secure a certain reserve bid price, or forgo the opportunity to purchase the auction item, or pay a higher amount for the auction item as each day passes. This encourages bidders to bid early, thus securing a lower possible purchase price. As all bid slots after the date in which a bid has been made in an amount of a reserve bid amount are unavailable, this sets an end date of the auction. The auction also ends when a bidder makes a present bid equal to the then current reserve bid amount.
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