eBay v. MercExchange. The 8-Year See-Saw Battle Jennifer Pang University of California, Berkeley IEOR 2009 IEOR 190G: Patent Engineering (Fall 08). Online auction site that allows users to buy/sell items via 2 primary formats: proxy bidding and fixed-price buying. The Issue .
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The 8-Year See-Saw Battle
University of California, Berkeley
IEOR 190G: Patent Engineering (Fall 08)
Online auction site that allows users to buy/sell items via 2 primary formats: proxy bidding and fixed-price buying
After eBay got popular, the company intially tried to buy these patents off of Woolston
“A buyer, hereinafter participant, may electronically log onto a consignment node via a network connection by use of a PC with participant interface software...[and] present electronic payment to the consignment node by entering a credit card number and expiration date or other forms of electronic payment.”
“Bids are received on the item from participants on the Internet through an auction process that executes in conjunction with the computerized database of data records. Auctioning of the item is terminated when the auction process reaches predetermined criteria. The auction participant is notified of the high bid in the auction process.”