Patents by Inventor Peter Cramton

Peter Cramton has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • System and method for a hybrid clock and proxy auction
    Publication number: 20070055606
    Abstract: The present invention is a system and method for a computer-implemented auction wherein a hybrid auction combining elements of a clock auction and a proxy auction. In particular, if the earlier phase (104) is a clock auction and the later phase (108) is a proxy auction, then the resulting hybrid auction will combine the transparency and the simplicity of the clock auction with the efficiency outcome and competitive revenues of the proxy auction. The system includes receiving bids (118), determining an outcome (134) and outputting the results (136).
    Type: Application
    Filed: November 8, 2004
    Publication date: March 8, 2007
    Applicant: Efficient Auctions LLC
    Inventors: Lawrence Ausubel, Peter Cramton, Paul Milgrom