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[Keyword] M+1st price auction(1hit)

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  • A Secure M + 1st Price Auction Protocol Based on Bit Slice Circuits

    Takuho MITSUNAGA  Yoshifumi MANABE  Tatsuaki OKAMOTO  

     
    PAPER-Cryptography and Information Security

      Vol:
    E99-A No:8
      Page(s):
    1591-1599

    This paper presents an efficient secure auction protocol for M+1st price auction. In our proposed protocol, a bidding price of a player is represented as a binary expression, while in the previous protocol it is represented as an integer. Thus, when the number of players is m and the bidding price is an integer up to p, compared to the complexity of the previous protocol which is a polynomial of m and p, the complexity of our protocol is a polynomial of m and log p. We apply the Boneh-Goh-Nissim encryption to the mix-and-match protocol to reduce the computation costs.

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