A Secure Multi-unit Sealed First-Price Auction Mechanism

dc.contributor.authorLarson, Maya
dc.contributor.authorLi, Wei
dc.contributor.authorHu, Chunqiang
dc.contributor.authorLi, Ruinian
dc.contributor.authorCheng, Xiuzhen
dc.contributor.authorBie, Rongfang
dc.date.accessioned2021-06-01T17:26:22Z
dc.date.available2021-06-01T17:26:22Z
dc.date.issued2015-08-01
dc.descriptionInternational Conference on Wireless Algorithms, Systems, and Applications; WASA 2015: Wireless Algorithms, Systems, and Applicationsen_US
dc.description.abstractDue 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.en_US
dc.description.sponsorshipThe authors would like to thank all the reviewers for their helpful comments. This project was supported by the US National Science Foundation (ECCS-1407986, AST-1443858, CNS-1265311, and CNS-1162057), and the National Natural Science Foundation of China (61171014).en_US
dc.description.urihttps://link.springer.com/chapter/10.1007/978-3-319-21837-3_29en_US
dc.format.extent10 pagesen_US
dc.genreconference papers and proceedings preprintsen_US
dc.genrebook chapters preprints
dc.identifierdoi:10.13016/m2kheb-7oey
dc.identifier.citationLarson, 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_29en_US
dc.identifier.urihttps://doi.org/10.1007/978-3-319-21837-3_29
dc.identifier.urihttp://hdl.handle.net/11603/21650
dc.language.isoen_USen_US
dc.publisherSpringer Natureen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Computer Science and Electrical Engineering Department Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.
dc.titleA Secure Multi-unit Sealed First-Price Auction Mechanismen_US
dc.typeTexten_US

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