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A Randomly-Priced Purchase System

IP.com Disclosure Number: IPCOM000013377D
Original Publication Date: 2000-May-01
Included in the Prior Art Database: 2003-Jun-18

Publishing Venue

IBM

Abstract

Disclosed is a networked purchase system in which a price of a goods is determined randomly in a specified range but some purchasers can get the goods for free. This system consists of sellers, purchasers, and the mediation server. The flow of process of this system is as follows: (1) A seller registers the following information to the server: the number of goods to be sold (in short, N in what follows), the specification of the goods (S), the lowest price (LP), the highest price (HP), the number of goods which are sold with free (FN), and the maximum period for accepting purchasing. (2) The server opens a purchasing session of the goods, and presents the above information provided by the seller to the participants.