Entropic Market Saturation System and Method
The disclosed subject matter relates to methods, systems, and computer-usable storage mediums for generating competitive advertising bids for smaller geographic markets within a larger geographic market, based on bids for the larger market.
1 . A method for generating bids for advertising over a communications network, comprising:
receiving, by at least one main server linked to the computer network, a plurality of general bids for a first market, for a particular type of good or service; and
generating, by the at least one main server, a bid for a second market within the first market, based on the plurality of general bids and an entropy factor (EF).
2 . The method of claim 1 , wherein the first market is predetermined market and the second market is a local market within the predetermined market.
3 . The method of claim 1 , wherein the entropy factor (EF) is determined in accordance with the formula:
EF=−SUM((bid̂4/SUM(all_bidŝ4))*log((bid̂4/SUM(all_bidŝ4)))
4 . The method of claim 1 , additionally comprising: providing, by the at least one main server, the bid for the second market, to a computer of an entity associated with a general bid for the first market.
5 . The method of claim 1 , wherein the receiving a plurality of general bids includes receiving the general bids from at least one database associated with the at least one main server.
6 . The method of claim 1 , wherein the at least one main server includes one server.
7 . The method of claim 1 , wherein the at least one main server includes a plurality of servers.
8 . A system for generating bids for advertising over a communications network, comprising:
at least one server for linking to a communications network comprising:
a storage medium for storing computer components; and
a processor for executing the computer components comprising:
a first component for receiving a plurality of general bids for a first market, for a particular type of good or service; and
a second component for generating a bid for a second market within the first market, based on the plurality of general bids and an entropy factor (EF).
9 . The system of claim 8 , additionally comprising: a third component for providing the bid for the second market, to a computer of an entity associated with a general bid for the first market.
10 . The system of claim 8 , additionally comprising: at least one database for storing general bids accessible by the first component to receive the general bids.
11 . The system of claim 8 , wherein the at least one server includes one server.
12 . The system of claim 8 , wherein the at least one server includes a plurality of servers.
13 . A system for generating bids for advertising over a communications network, comprising:
at least one server for linking to a communications network configured for i) receiving a plurality of general bids for a first market, for a particular type of good or service; and ii) generating a bid for a second market within the first market, based on the plurality of general bids and an entropy factor (EF); and
at least one database in electronic communication with the at least one server for storing general bids accessible by the at least one server to receive the general bids.
14 . The system of claim 13 , wherein the at least one server is additionally configured for providing the bid for the second market, to a computer of an entity associated with a general bid for the first market.