A Secure Multi-unit Sealed First-Price Auction Mechanism

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Secure_Sealed_First_Price_Auction_02.pdf (728.28 KB)

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https://link.springer.com/chapter/10.1007/978-3-319-21837-3_29

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https://doi.org/10.1007/978-3-319-21837-3_29
 http://hdl.handle.net/11603/21650

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UMBC Computer Science and Electrical Engineering Department

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2015-08-01

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conference papers and proceedings preprints
book chapters preprints
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Larson, Maya; Li, Wei; Hu, Chunqiang; Li, Ruinian; Cheng, Xiuzhen; Bie, Rongfang; A Secure Multi-unit Sealed First-Price Auction Mechanism; International Conference on Wireless Algorithms, Systems, and Applications; WASA 2015: Wireless Algorithms, Systems, and Applications, pp 295-304 (2015); https://link.springer.com/chapter/10.1007/978-3-319-21837-3_29

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Abstract

Due to the popularity of auction mechanisms in real-world applications and the increase in the awareness of securing private information, auctions are in dire need of bid-privacy protection. In this paper, we deliberately design a secure multi-unit sealed-bid first-price auction scheme, in which the auction is processed on the bidders’ encrypted bids by the server and the final output is only known by the auctioneer. As a result, neither the auctioneer nor the server can obtain the full information of the bidders. What’s more, the auctioneer can verify whether a winner pays its full payment in the auction. Finally, a comprehensive analysis on the performance of our auction mechanism is conducted.