Kristina Tassone Webster

US Patent:

20050071249, Mar 31, 2005

Filed:

Sep 24, 2004

Appl. No.:

10/949156

Inventors:

Geoff Nix - Emeryville CA, US
Martin Manley - Oakland CA, US
Kristina Webster - Oakland CA, US
Jesse Baldwin - Cloverdale CA, US
Paul Pritchard - Piedmont CA, US

International Classification:

G06F017/60

US Classification:

705026000

Abstract:

A repricing system calculates new prices for goods based on pricing data received from a plurality of sources and updates the prices of the good. In an embodiment, a pricing engine determines a market price based on the pricing data and calculates a new price for the good based on the market price and seller repricing instructions. In another embodiment, the pricing data comprises prices of used versions of the good and/or the distribution of prices of the good. In another embodiment, repricing is triggered by the elapsing of a predetermined interval of time. Using an embodiment of the invention, a seller can automatically recalibrate her prices on a regular basis.