Patents Assigned to Efficient Auctions LLC
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Patent number: 11908249Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: GrantFiled: February 10, 2023Date of Patent: February 20, 2024Assignee: EFFICIENT AUCTIONS LLCInventors: Andrew Komo, Lawrence M. Ausubel
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Publication number: 20230186710Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants’ submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants’ advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: ApplicationFiled: February 10, 2023Publication date: June 15, 2023Applicant: EFFICIENT AUCTIONS LLCInventors: Andrew KOMO, Lawrence M. Ausubel
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Patent number: 11580808Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: GrantFiled: June 13, 2022Date of Patent: February 14, 2023Assignee: EFFICIENT AUCTIONS LLCInventors: Andrew Komo, Lawrence M Ausubel
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Patent number: 11532195Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: GrantFiled: June 10, 2022Date of Patent: December 20, 2022Assignee: EFFICIENT AUCTIONS LLCInventors: Andrew Komo, Lawrence M Ausubel
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Publication number: 20220327882Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: ApplicationFiled: June 10, 2022Publication date: October 13, 2022Applicant: EFFICIENT AUCTIONS LLCInventors: Andrew KOMO, Lawrence M AUSUBEL
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Publication number: 20220327883Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: ApplicationFiled: June 13, 2022Publication date: October 13, 2022Applicant: EFFICIENT AUCTIONS LLCInventors: Andrew KOMO, Lawrence M AUSUBEL
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Patent number: 11361607Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: GrantFiled: July 16, 2021Date of Patent: June 14, 2022Assignee: EFFICIENT AUCTIONS LLCInventors: Andrew Komo, Lawrence M Ausubel
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Publication number: 20210343101Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: ApplicationFiled: July 16, 2021Publication date: November 4, 2021Applicant: EFFICIENT AUCTIONS LLCInventors: Andrew KOMO, Lawrence M AUSUBEL
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Patent number: 11069171Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: GrantFiled: December 21, 2020Date of Patent: July 20, 2021Assignee: EFFICIENT AUCTIONS LLCInventors: Andrew Komo, Lawrence M Ausubel
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Publication number: 20210110627Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: ApplicationFiled: December 21, 2020Publication date: April 15, 2021Applicant: EFFICIENT AUCTIONS LLCInventors: Andrew KOMO, Lawrence M AUSUBEL
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Patent number: 10872487Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: GrantFiled: March 25, 2020Date of Patent: December 22, 2020Assignee: EFFICIENT AUCTIONS LLCInventors: Andrew Komo, Lawrence M Ausubel
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Publication number: 20200349570Abstract: The present invention provides improvements applicable to dynamic auctions such as clock auctions or combinatorial clock auctions. In a first embodiment, the present invention includes an improved activity rule that constrains the bids that may be submitted by a bidder, based on the bidder's own prior bids, In a second embodiment, the present invention includes an improved pricing rule that appropriately discounts the amounts (as compared to linear pricing) of bids that need to be submitted by a bidder. In a third embodiment, the present invention includes an improved iterative first-price auction. Bidders successively make bids, often a bid for a package of items at a specified price. When the auction concludes, some of these bids become “winning” bids; the respective bidders win the items specified in their winning bids and pay the prices specified in their winning bids. In some preferred embodiments, the present invention combines two or all three of these improvements.Type: ApplicationFiled: December 30, 2019Publication date: November 5, 2020Applicant: EFFICIENT AUCTIONS LLCInventors: Lawrence M. AUSUBEL, Oleg V. BARANOV
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Publication number: 20200226867Abstract: The present invention provides an improved system and method for using cryptography to secure computer-implemented choice mechanisms. In several preferred embodiments, a process is provided for securing participants' submissions while simultaneously providing the capability of validating their submissions. This is referred to as a random permutation. In several other preferred embodiments, a process is provided for securing participants' advance instructions while simultaneously providing the capability of validating their advance instructions. This is referred to as a secure advance instruction. Applications include voting mechanisms, school choice mechanisms, and auction mechanisms.Type: ApplicationFiled: March 25, 2020Publication date: July 16, 2020Applicant: EFFICIENT AUCTIONS LLCInventors: Andrew KOMO, Lawrence M AUSUBEL
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Publication number: 20150019364Abstract: 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.Type: ApplicationFiled: May 31, 2014Publication date: January 15, 2015Applicant: EFFICIENT AUCTIONS, LLCInventors: Lawrence M. AUSUBEL, Peter C. CRAMTON, Paul R. MILGROM
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Publication number: 20140304142Abstract: An improved system and method for a computer-implemented auction in which multiple types of items are auctioned together without imposing a particular division of supply or demand among the individual types of items. In some embodiments the auction of the present invention provides a means or method for establishing prices for the types of items, wherein the prices maintain a relationship. In other embodiments, the present invention provides a means or method for implying prices from price parameters in the bids received form bidders, based on a relation among the prices for the types of items. Market clearing may be defined by the condition that the aggregate quantity bid for all types of items is less than or equal to the available quantity of all types of items. The division among the types of items within is thus determined flexibly, based on the bids at the associated prices.Type: ApplicationFiled: June 22, 2014Publication date: October 9, 2014Applicant: EFFICIENT AUCTIONS, LLCInventors: Lawrence M. AUSUBEL, Peter C. CRAMTON, Wynne P. JONES
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Patent number: 8762222Abstract: An improved system and method for a computer-implemented auction in which multiple types of items are auctioned together without imposing a particular division of supply or demand among the individual types of items. In some embodiments the auction of the present invention provides a means or method for establishing prices for the types of items, wherein the prices maintain a relationship. In other embodiments, the present invention provides a means or method for implying prices from price parameters in the bids received form bidders, based on a relation among the prices for the types of items. Market clearing may be defined by the condition that the aggregate quantity bid for all types of items is less than or equal to the available quantity of all types of items. The division among the types of items within is thus determined flexibly, based on the bids at the associated prices.Type: GrantFiled: February 25, 2011Date of Patent: June 24, 2014Assignee: Efficient Auctions LLCInventors: Lawrence M. Ausubel, Peter C. Cramton, Wynne P. Jones
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Patent number: 8744924Abstract: The present invention is a system and method to sell or procure complementary goods. A 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.Type: GrantFiled: March 26, 2012Date of Patent: June 3, 2014Assignee: Efficient Auctions LLCInventors: Lawrence M. Ausubel, Peter C. Cramton, Paul R. Milgrom
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Patent number: 8566211Abstract: The present invention is a system and method for a computer-implemented auction, based on a system with multiple bidder and auctioneer computers or terminals (20a-n,30) communicating with the server (10) over a network (40). The computers (20a-n) are employed by bidders, the computer (30) is employed by the auctioneer, and the server (10) is the auction computer. That server consist of a CPU (11), memory (12), a data storage device (13), a communication interface (140), a clock (150), an operating system (16), and an auction program (17). In one embodiment, the system architecture is as a client-server system: the auction computer is a server; and the bidder and auctioneer are clients.Type: GrantFiled: November 23, 2001Date of Patent: October 22, 2013Assignee: Efficient Auctions, LLCInventors: Lawrence M. Ausubel, Paul R. Milgrom
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Patent number: 8447662Abstract: The present invention implements an auction in which multiple types of goods may be auctioned in a dynamic process. In a preferred embodiment, the present invention is a system and method for computer implemented dynamic multi-unit auction in which the price paid or received by bidders tends to be independent of their own bids, in which participants may be provided with information concerning their competitors' bids as the auction progresses, and in which the confidentiality of high values may be maintained. Participants' quantities bid at a given time may be restricted to be less than or equal to the quantities bid at an earlier time. These features provide the advantage of improving economic efficiency of the auction design over the prior art.Type: GrantFiled: January 10, 2011Date of Patent: May 21, 2013Assignee: Efficient Auctions LLCInventor: Lawrence M. Ausubel
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Patent number: 8335738Abstract: This invention defines a computer system for conducting an auction of a plurality of items including receiving bids and determining an allocation of at least one of the items, the auction including a dynamic auction phase followed by a later phase.Type: GrantFiled: July 16, 2012Date of Patent: December 18, 2012Assignee: Efficient Auctions LLCInventors: Lawrence M. Ausubel, Peter C. Cramton, Paul R. Milgrom