Peter Luc Bossaerts

US Patent:

8386370, Feb 26, 2013

Filed:

Nov 4, 2010

Appl. No.:

12/939985

Inventors:

Walter M. Yuan - Arcadia CA, US
Rajeev Advani - New York NY, US
Peter L. Bossaerts - Pasadena CA, US

Assignee:

California Institute of Technology - Pasadena CA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 27, 707100, 709223, 713164

Abstract:

The system provides two-sided local markets that enable local and/or intermittent resource allocation through a market model. The system provides a method for defining goods, services or assets are to be exchanged among a large but limited number of participants (e. g. between 10 and 100). In one embodiment, all participants may have both needs and endowments of the goods, services and assets to be traded and who may at times want to simultaneously buy and sell multiple units. Alternatively the market may have participants who are either sellers or buyers. The system provides a market mechanism where participants can submit orders (through limit orders and market orders) in user defined time frames.

US Patent:

7853514, Dec 14, 2010

Filed:

Sep 13, 2006

Appl. No.:

11/531683

Inventors:

Walter Miao Yuan - Arcadia CA, US
Rajeev Advani - New York NY, US
Peter L Bossaerts - Pasadena CA, US

Assignee:

California Institute of Technology - Pasadena CA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35, 705 36 R, 705 27, 709223

Abstract:

The system provides two-sided local markets that enable local and/or intermittent resource allocation through a market model. The system provides a method for defining goods, services or assets are to be exchanged among a large but limited number of participants (e. g. between 10 and 100). In one embodiment, all participants may have both needs and endowments of the goods, services and assets to be traded and who may at times want to simultaneously buy and sell multiple units. Alternatively the market may have participants who are either sellers or buyers. The system provides a market mechanism where participants can submit orders (through limit orders and market orders) in user defined time frames.