Practical secrecy-preserving, verifiably correct and trustworthy auctions

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Practical secrecy-preserving, verifiably correct and trustworthy auctions

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Title: Practical secrecy-preserving, verifiably correct and trustworthy auctions
Author: Thorpe, Christopher; Shieber, Stuart; Rabin, Michael; Parkes, David

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Citation: David C. Parkes, Michael O. Rabin, Stuart M. Shieber, and Christopher Thorpe. Practical secrecy-preserving, verifiably correct and trustworthy auctions. Electronic Commerce Research and Applications, 2008. Journal Homepage: http://www.sciencedirect.com/science/journal/15674223.
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Abstract: We present a practical protocol based on homomorphic cryptography for conducting provably fair sealed-bid auctions. The system preserves the secrecy of the bids, even after the announcement of auction results, while also providing for public verifiability of the correctness and trustworthiness of the outcome. No party, including the auctioneer, receives any information about bids before the auction closes, and no bidder is able to change or repudiate any bid. The system is illustrated through application to first-price, uniform-price and second-price auctions, including multi-item auctions. Empirical results based on an analysis of a prototype demonstrate the practicality of our protocol for real-world applications.
Published Version: http://dx.doi.org/10.1016/j.elerap.2008.04.006
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:2031672

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  • FAS Scholarly Articles [6463]
    Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University
 
 

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