ONLINE PRICING AND BUYBACK

Moshe Babaioff (Inventor), Jason D Hartline (Inventor), Robert D Kleinberg (Inventor)

Research output: Patent

Abstract

A seller may sell advertisements, such as banner ads, to a buyer pursuant to a request made by the buyer to the seller. Each request has a value. The seller may accept the request from the buyer to provide a banner ad for the buyer at a later time. A request, once accepted, may be revoked at a cost which may be a fixed fraction of the request value. The cost may be referred to as a buyback cost. The buyback cost represents the cost of revoking a request that had been accepted. Additionally, matroid set systems and knapsack systems may use buyback techniques.

Original languageEnglish
Patent numberUS2010070420
IPCG06Q 30/ 00 A I,US8260724,US2010070420A1,US8260724B2
Priority date17/09/08
StatePublished - 18 Mar 2010

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