US2015019364A1PendingUtilityA1

System And Method For The Efficient Clearing Of Spectrum Encumbrances

67
Individually held — no corporate assignee on recordPriority: Dec 21, 1999Filed: May 31, 2014Published: Jan 15, 2015
Est. expiryDec 21, 2019(expired)· nominal 20-yr term from priority
Inventors:Lawrence M. AusubelPeter C. CramtonPaul R. Milgrom
G06Q 40/03G06Q 30/08G06Q 40/04
67
PatentIndex Score
0
Cited by
0
References
0
Claims

Abstract

The present invention is a system and method to sell or procure complementary goods. complementary good according to the invention is a good whose value or utility is enhanced when paired with another good, such a pair of goods is a communication license to encumbered spectrum and a complementary clearing right to clear the spectrum of its encumbrance. The invention provides automated procedures to facilitate the fashioning and sale of clearing rights so as to enhance the value of the communications license.

Claims

exact text as granted — not AI-modified
What is claimed is: 
     
         1 . A method implemented in a system comprising an auctioneer computer and a communications interface, said system arranged to receive information from a plurality of bidder computers, said method for conducting a first auction of a first set of items and a second auction of a second set of items, said second set of items formed by an aggregation and/or partition of said first set of items, at least two bidders participating in each auction, the method comprising:
 a) initiating the first auction by identifying the first set of items,   b) receiving bids at the auctioneer computer for items in the first set of items from the communications interface,   c) determining, using the auctioneer computer, whether the first auction should terminate,   d) repeating b) and c) until the first auction is terminated,   e) initiating the second auction by identifying the second set of items, wherein said second set of items is composed of portions of selected items from said first set which are aggregated with portions of other items from said first set, and   f) receiving bids at the auctioneer computer for items in the second set of items from the communications interface.   
     
     
         2 . The method as recited in  claim 1  wherein the second auction is initiated prior to the termination of the first auction. 
     
     
         3 . The method of  claim 1  wherein step c) terminates the first auction in the event that no new bids were submitted and wherein step c) also provides new bidding information to bidders in the event that the first auction is not terminated. 
     
     
         4 . The method of  claim 1  which further includes constraining the received bids for items in the second auction by accepting only bids which satisfy a constraint based on bids in the first auction. 
     
     
         5 . The method of  claim 2  which further includes constraining the received bids for items in the first auction by accepting only bids which satisfy a constraint based on bids in the second auction. 
     
     
         6 . The method of  claim 1  wherein items of said first and second set comprise spectrum rights. 
     
     
         7 . The method of  claim 4  wherein items of said first and second set comprise spectrum rights. 
     
     
         8 . The method of  claim 5  wherein items of said first and second set comprise spectrum rights. 
     
     
         9 . A system including an auctioneer computer coupled to a communications interface for conducting a first auction of a first set of items and a second auction of a second set of items, said second set of items formed by an aggregation and/or partition of said first set of items, said system allowing at least two bidders to participate in each auction, the system comprising:
 a) means for initiating the first auction by identifying the first set of items,   b) means for receiving bids at the auctioneer computer for items in the first set of items from the communications interface,   c) means for determining, using the auctioneer computer, whether the first auction should terminate,   d) means for repeating said receiving of said means for receiving and said determining of said means for determining until the first auction is terminated,   e) means for initiating the second auction by identifying the second set of items, wherein said second set of items is composed of portions of selected items from said first set which are aggregated with portions of other items from said first set, and   f) means for receiving bids at the auctioneer computer for items in the second set of items from the communications interface.   
     
     
         10 . The system of  claim 9  wherein the means for initiating the second auction initiates the second auction prior to termination of the first auction. 
     
     
         11 . The system of  claim 9  wherein the means for determining terminates the first auction in the event that no new bids were submitted and provides new bidding information to bidders in the event that the first auction is not terminated. 
     
     
         12 . The system of  claim 9  which further includes constraining means for constraining the received bids for items in the second auction by accepting only bids which satisfy a constraint based on bids in the first auction. 
     
     
         13 . The system of  claim 10  which further includes constraining means for constraining the received bids for items in the first auction by accepting only bids which satisfy a constraint based on bids in the second auction. 
     
     
         14 . The system of  claim 9  wherein the first and second set of items comprise spectrum rights. 
     
     
         15 . The system of  claim 12  wherein the first and second set of items comprise spectrum rights. 
     
     
         16 . The system of  claim 13  wherein the first and second set of items comprise spectrum rights.

Join the waitlist — get patent alerts

Track US2015019364A1 — get alerts on status changes and closely related new filings.

We store only your email — no account needed. See our privacy policy.