Dongqing Xie
Abstract
Sealed-bid auctions are a method to establish the price of goods while keeping the bids secret during the bidding phase.In this paper,our concern is incoercibility of an auction protocol.We first give a definition of incoercibility.Then an efficient sealed-bid auction protocol with incoercibility is also proposed.
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Sealed-bid auctions are a method to establish the price of goods while keeping the bids secret during the bidding phase.In this paper,our concern is incoercibility of an auction protocol.We first give a definition of incoercibility.Then an efficient sealed-bid auction protocol with incoercibility is also proposed.
Key concepts: Bidding, Unique bid auction, Proxy bid, Common value auction, Bid shading, English auction, Protocol (science), Vickrey auction