METHODS AND SYSTEMS TO ADJUST A RESERVE PRICE IN A NETWORK-BASED COMMERCE SYSTEM

METHODS AND SYSTEMS TO ADJUST A RESERVE PRICE IN A NETWORK-BASED COMMERCE SYSTEM

Systems and methods to adjust a reserve price in a network-based commerce system are described. The system receives a proxy bid and an opt-in confirming the proxy bid is binding as an opt-in bid regardless of an adjustment to the reserve price by a seller. The system further receives an adjustment t...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Grove Steve, Sandler Andrew Leigh, Edson Zachary James, Grove Brian Alan
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Systems and methods to adjust a reserve price in a network-based commerce system are described. The system receives a proxy bid and an opt-in confirming the proxy bid is binding as an opt-in bid regardless of an adjustment to the reserve price by a seller. The system further receives an adjustment to the reserve price to generate an adjusted reserve price based on the received adjustment. Next, the system identifies whether the adjusted reserve price is less than the proxy bid. Next, the system identifies the proxy bid as an opt-in bid as a high proxy bid and the adjusted reserve price as lower than the high proxy bid. Finally, the system automatically designates the bidder associated with the high proxy bid as the current highest bidder of the item that is being auctioned and increases the proxy bid to the adjusted reserve price.