Systems and Methods for Implementing Iterated Sealed-Bid Auctions

摘要

The present invention is directed to implementing iterated sealed-bid auctions of several types of products or several varieties of a single product simultaneously in order to encourage select bidders to place more and higher bids. Sellers therefore receive higher prices and products or services are more likely to be efficiently assigned. In general, iterated sealed-bid auctions are auctions in which bidders may make a variety of offers involving different prices and the final prices and allocation are determined according to the rules of a sealed-bid auction, but in which bidders may receive some feedback from initial rounds of bidding in the iterated sealed-bid auctions and have some opportunity to improve their price offers.