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Privacy preserving auctions and mechanism design

Naor, Moni, Pinkas, Benny, Sumner, Reuban·1999·Proceedings of the 1st ACM conference on Electronic commerce

Abstract

We suggest an architecture for executing protocols for auctions and, more generally, mechanism design. Our goal is to preserve the privacy of the inputs of the participants (so that no nonessential information about them is divulged, even a posteriori) while maintaining communication and computational efficiency. We achieve this goal by adding another party - the auction issuer - that generates the programs for computing the auctions but does not take an active part in the protocol. The auction issuer is not a trusted party, but is assumed not to collude with the auctioneer. In the case of auctions, barring collusion between the auctioneer and the auction issuer, neither party gains any information about the bids, even after the auction is over. Moreover, bidders can verify that the auction was performed correctly. The protocols do not require any communication between the bidders and the auction issuer and the computational efficiency is very reasonable. This architecture can be used to implement any mechanism design where the important factor is the complexity of the decision procedure.

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Metadata

Authors
Naor, M., Pinkas, B., & Sumner, R.
Venue
Proceedings of the 1st ACM conference on Electronic commerce
Publisher
ACM
Published
1999-11
Pages
129-139
OpenAlex
W2040168265
Cited by
753
References
2
FWCI
10.47
Type
conference paper
Language
en
Open access
closed

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CoChat. (2026). Citation check: Privacy preserving auctions and mechanism design. https://app.cochat.ai/papers/10.1145/336992.337028
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Naor, M., Pinkas, B., & Sumner, R. (1999). Privacy preserving auctions and mechanism design. Proceedings of the 1st ACM conference on Electronic commerce. https://doi.org/10.1145/336992.337028

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