An improved protocol of electrical auction with sealed bids

Chen Xiaofeng; Zhang Fangguo; Wang Yumin

Volume 24 Issue 7

Jul. 2002

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Chen Xiaofeng, Zhang Fangguo, Wang Yumin. An improved protocol of electrical auction with sealed bids[J]. Journal of Electronics & Information Technology, 2002, 24(7): 997-999.

Citation:

Chen Xiaofeng, Zhang Fangguo, Wang Yumin. An improved protocol of electrical auction with sealed bids[J]. Journal of Electronics & Information Technology, 2002, 24(7): 997-999.

Chen Xiaofeng, Zhang Fangguo, Wang Yumin. An improved protocol of electrical auction with sealed bids[J]. Journal of Electronics & Information Technology, 2002, 24(7): 997-999.

Citation:

Chen Xiaofeng, Zhang Fangguo, Wang Yumin. An improved protocol of electrical auction with sealed bids[J]. Journal of Electronics & Information Technology, 2002, 24(7): 997-999.

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An improved protocol of electrical auction with sealed bids

Received Date: 2000-09-18
Rev Recd Date: 2001-01-09
Publish Date: 2002-07-19

Abstract

Abstract

An improved protocol of electrical auction with sealed bids is presented by using nested interval theorem, bit commitment protocol and millionaire protocol. With the advantages of anonymity, privacy, efficiency, the improved protocol supports the second-price principle and optimal distribution of goods.

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References(1)

References

M. Gaynor, J. Megquier, V. Sethaput, Secure Vickrey Auction Prol ocol.http: //sonnet.eas.harvard.edu/auction/paper.html. ［2］M. Harkavy, H. Kikuch, J. D. Tygar, Electronic auction with private bids, Proc. of the 3rd CSEIX Workshop on Electronic Commerce, August 1998. ［3］W. Vickrey, Counter speculation, auctions, competitive sealed tenders, ,Journal of Finance. 1961,16,8-37.[2]B. Schneier.[J].Applied Cryptography, John Wiley Sons, Inc.1996,:-[3]P.X. lilgrom, Auction theory, In Advances in Economic Theory 1985, Fifth World Congress, London. Cambridge University Press, 1985. ［6］M. K. Franklin, M. K. Reiter, The design and implementation of a secure auction server, IEEE Trans. on Soft.ware Engineering, 1996, SE-22(5), 302-312.

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