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The need of totally secure online auction has led to the invention of many auction protocols. But as new attacks are developed, auction protocols also require corresponding strengthening. We analyze the auction protocol based on the…

Cryptography and Security · Computer Science 2014-05-02 Navya Chodisetti

A family of existing protocols for quantum sealed-bid auction is critically analyzed, and it is shown that they are vulnerable under several attacks (e.g., the participant's and non-participant's attacks as well as the collusion attack of…

Quantum Physics · Physics 2022-06-07 Pramod Asagodu , Kishore Thapliyal , Anirban Pathak

A feasible, secure and collusion-attack-free quantum sealed-bid auction protocol is proposed using a modified scheme for multi-party circular quantum key agreement. In the proposed protocol, the set of all ($n$) bidders is grouped in to $l$…

Quantum Physics · Physics 2022-06-10 Rishi Dutt Sharma , Kishore Thapliyal , Anirban Pathak

In an open-bid auction, a bidder can know the budgets of other bidders. Thus, a sealed-bid auction that hides bidding prices is desirable. However, in previous sealed-bid auction protocols, it has been difficult to provide a ``fund…

Cryptography and Security · Computer Science 2023-12-14 Kota Chin , Keita Emura , Kazumasa Omote , Shingo Sato

We present a quantum auction protocol using superpositions to represent bids and distributed search to identify the winner(s). Measuring the final quantum state gives the auction outcome while simultaneously destroying the superposition.…

Quantum Physics · Physics 2007-11-26 Tad Hogg , Pavithra Harsha , Kay-Yut Chen

Sealed-bid auctions ensure fair competition and efficient allocation but are often deployed on centralized infrastructure, enabling opaque manipulation. Public blockchains eliminate central control, yet their inherent transparency conflicts…

Cryptography and Security · Computer Science 2025-10-23 Jonas Gebele , Timm Mutzel , Burak Oez , Florian Matthes

Recent attention on secure multiparty computation and blockchain technology has garnered new interest in developing auction protocols in a decentralized setting. In this paper, we propose a secure and private Vickrey auction protocol that…

Cryptography and Security · Computer Science 2023-05-01 Lucy Klinger , Mengfan Lyu , Lei Zhang

In this study, a novel multiparty quantum sealed-bid auction protocol using the single photons as the message carrier of bids is proposed, followed by an example of three-party auction. Compared with those protocols based on the entangled…

Auctions have a long history, having been recorded as early as 500 B.C. Nowadays, electronic auctions have been a great success and are increasingly used. Many cryptographic protocols have been proposed to address the various security…

Cryptography and Security · Computer Science 2013-05-15 Jannik Dreier , Jean-Guillaume Dumas , Pascal Lafourcade

The Ethereum blockchain as a decentralized platform is so successful that many applications deployed on it. However, for the inherent transparency properties and the lack of privacy, deploying a financial application on top of it is always…

Cryptography and Security · Computer Science 2019-04-16 Jie Xiong , Qi Wang

A privacy-preserving English auction protocol with round efficiency based on a modified ring signature has been proposed in this paper. The proposed protocol has three appealing characteristic: First, it offers conditional…

Computer Science and Game Theory · Computer Science 2010-10-28 Hu Xiong , Zhong Chen

Sealed-bid auctions play a crucial role in blockchain ecosystems. Previous works introduced viable blockchain sealed-bid auction protocols, leveraging timed commitments for bid encryption. However, a crucial challenge remains unresolved in…

Computer Science and Game Theory · Computer Science 2024-10-15 Jichen Li , Yuanchen Tang , Jing Chen , Xiaotie Deng

A digital goods auction is a type of auction where potential buyers bid the maximal price that they are willing to pay for a certain item, which a seller can produce at a negligible cost and in unlimited quantity. To maximise her benefits,…

Information Theory · Computer Science 2020-09-22 Patrick Ah-Fat , Michael Huth

In many auctions, bidders may be reluctant to reveal private information to the auctioneer and other bidders. Among deterministic bilateral communication protocols, reducing what bidders learn requires increasing what the auctioneer learns.…

Theoretical Economics · Economics 2026-02-27 Eric Gao , Eric Tang

The use of e-Auction services has been increasing in recent years. Security requirements in conducting e-Auctions are mainly bid privacy, anonymity and public verifiability. Most of the secure protocols concentrate on privacy and anonymity,…

Cryptography and Security · Computer Science 2011-09-05 T. R. Srinath , Mahendra Pratap Singh , Alwyn Roshan Pais

Online auctions have expanded rapidly over the last decade and have become a fascinating new type of business or commercial transaction in this digital era. Here we introduce a master equation for the bidding process that takes place in…

Physics and Society · Physics 2009-11-11 I. Yang , B. Kahng

The Maker Protocol is a decentralized finance application that enables collateralized lending. The application uses open-bid, second-price auctions to complete its loan liquidation process. In this paper, we develop a bidding function for…

Trading and Market Microstructure · Quantitative Finance 2021-05-27 Michael Darlin , Nikolaos Papadis , Leandros Tassiulas

Many auction settings implicitly or explicitly require that bidders are treated equally ex-ante. This may be because discrimination is philosophically or legally impermissible, or because it is practically difficult to implement or…

Computer Science and Game Theory · Computer Science 2014-11-06 Christos Tzamos , Christopher A. Wilkens

We describe human-subject laboratory experiments on probabilistic auctions based on previously proposed auction protocols involving the simulated manipulation and communication of quantum states. These auctions are probabilistic in…

Quantum Physics · Physics 2009-03-31 Kay-Yut Chen , Tad Hogg

A seller wants to sell a good to a set of bidders using a credible mechanism. We show that when the seller has private information about her cost, it is impossible for a static mechanism to achieve the optimal revenue. In particular, even…

Theoretical Economics · Economics 2025-09-29 Martino Banchio , Andrzej Skrzypacz , Frank Yang
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