A Kind of Electronic Elimination Auction Without Auctioneers

doi:10.7523/j.issn.2095-6134.2003.3.016

Abstract

Abstract:

There is a common flaw in all the sealed-bid, that is a tie.Tie appears when two or more bidders choose the same highest price in a round.Because of the tie, the efficiency of auction is influenced seriously.The author presents an Electronic elimination auction which is based on Shamir's (t, n)-threshold system.In this kind of auction there is no auctioneer and bids are shared among bidders in order to realize the bids'anonymity.Meanwhile the author gives a kind of elimination auction to solve tie, so that the efficiency of auction is greatly raised

Key words: elimination auction, anonymity, super-increasing sequence, tie

CLC Number:

F713.36

ZHANG JianHong, WANG YuMin. A Kind of Electronic Elimination Auction Without Auctioneers[J]. , 2003, 20(3): 358-362.

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A Kind of Electronic Elimination Auction Without Auctioneers

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