Electronic Auctions with Private Bids

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Authors: 

Michael Harkavy and J. D. Tygar, Carnegie Mellon University; Hiroaki Kikuchi, Tokai University

Abstract: 

Auctions are a fundamental electronic commerce technology. We describe a set of protocols for performing sealed-bid electronic auctions which preserve the privacy of the submitted bids using a form of secure distributed computation. Bids are never revealed to any party, even after the auction is completed. Both first-price and second-price (Vickrey) auctions are supported, and the computational costs of the methods are low enough to allow their use in many real-world auction situations.

BibTeX
@inproceedings {261125,
author = {Michael Harkavy and J. D. Tygar and Hiroaki Kikuchi},
title = {Electronic Auctions with Private Bids},
booktitle = {3rd USENIX Workshop on Electronic Commerce (EC 98)},
year = {1998},
address = {Boston, MA},
url = {https://www.usenix.org/conference/3rd-usenix-workshop-electronic-commerce/electronic-auctions-private-bids},
publisher = {USENIX Association},
month = aug
}
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Links

Paper: 
http://usenix.org/publications/library/proceedings/ec98/full_papers/harkavy/harkavy.pdf
Paper (HTML): 
http://usenix.org/publications/library/proceedings/ec98/full_papers/harkavy/harkavy_html/harkavy.html