DESIGN ISSUES FOR ELECTRONIC AUCTIONS

Jarrod Trevathan, Wayne Read, Hossein Ghodosi

Abstract

Extensive research has been conducted in order to improve the security and efficiency of electronic auctions. However, little attention has been paid to the design issues. This paper discusses design issues and contrasts the differing security requirements between various auction types. We demonstrate that poor design for an electronic auction breaches the security of the system and degrades its practicality, irrespective of how secure/efficient the building blocks of an electronic auction are. This is accomplished by illustrating design flaws in several existing electronic auction schemes. Furthermore, we provide a solution to these flaws using a group signature scheme and give recommendations for sound auction design.

References

  1. G. Ateniese, J. Camenisch, M. Joye, and G. Tsudik, “A Practical and Provably Secure Coalition-Resistant Group Siganture Scheme,” in Advances in Cryptology - Proceedings of CRYPTO 2000 (M. Bellare, ed.), vol. 1880 of Lecture Notes in Computer Science, pp. 255-270, Springer-Verlag, 2000.
  2. M. Bellare, J. Garay, and T. Rabin, “Fast Batch Verification for Modular Exponentiation and Digital Signatures,” in Advances in Cryptology - Proceedings of EUROCRYPT 7898 (K. Nyberg, ed.), vol. 1403 of Lecture Notes in Computer Science, pp. 236-250, SpringerVerlag, 1998.
  3. C. Boyd and W. Mao, “Security Issues for Eelctronic Auctions,” tech. rep., Hewlett Packard, TR-HPL-2000, 2000.
  4. F. Brandt, “Fully private auctions in a constant number of rounds,” in Proceedings of the 7th Annual Conference on Financial Cryptography (FC) (R. Wright, ed.), vol. 2742 of Lecture Notes in Computer Science, pp. 223- 238. Springer-Verlag, 2003.
  5. C. Cachin, “Efficient Private Bidding and Auctions with an Oblivious Third Party,” in 6th ACM Conference on Computer and Communication Security, pp. 120-127, 1999.
  6. M. Franklin and M. Reiter, “The Design and Implementation of a Secure Auction Service,” IEEE Transactions on Software Engineering, vol. 22, pp. 302-312, May 1996.
  7. M. Harkavy, J. Tygar, and H. Kikuchi, “Electronic Auctions with Private Bids,” in the 3rd USENIX Workshop on Electronic Commerce, Aug. 1998.
  8. H. Kikuchi, M. Harkavy, J. Tygar, “Multi-round Anonymous Auction Protocols,” IEEE Workshop on Dependable and Real-Time E-Commerce Systems, pp. 62-69, 1998.
  9. M. Naor, B. Pinkas, and R. Sumner, “Privacy Preserving Auctions and Mechanism Design,” in The 1st Conference on Electronic Commerce, pp. 129-139, 1999.
  10. K. Sakurai and S. Miyazaki, “A Bulletin-Board Based Digital Auction Scheme with Bidding Down Strategy,” in International Workshop on Cryptographic Techniques and E-Commerce, pages 180-187, 1999.
  11. J. Trevathan, “Security, Anonymity and Trust in Electronic Auctions,” Association for Computing Machinery, Crossroads Magazine, Spring Edition, vol. 11.3, 2005.
  12. K. Viswanathan, C. Boyd, and E. Dawson, “A Three Phased Schema for Sealed Bid Auction System Design,” in Proceedings of ACISP 2000 -Australasian Conference on Information Security and Privacy (E. Dawson, A.Clark, and C. Boyd, eds.), vol. 1841 of Lecture Notes in Computer Science, pp. 412-426, SpringerVerlag (Berlin), 2000.
  13. C. Wang and H. Leung, “Anonymity and Security in Continuous Double Auctions for Internet Retails Market,” in the 37th Hawaii International Conference on Systems Sciences, 2004.
Download


Paper Citation


in Harvard Style

Trevathan J., Read W. and Ghodosi H. (2005). DESIGN ISSUES FOR ELECTRONIC AUCTIONS . In Proceedings of the Second International Conference on e-Business and Telecommunication Networks - Volume 1: ICETE, ISBN 972-8865-32-5, pages 340-347. DOI: 10.5220/0001419103400347


in Bibtex Style

@conference{icete05,
author={Jarrod Trevathan and Wayne Read and Hossein Ghodosi},
title={DESIGN ISSUES FOR ELECTRONIC AUCTIONS},
booktitle={Proceedings of the Second International Conference on e-Business and Telecommunication Networks - Volume 1: ICETE,},
year={2005},
pages={340-347},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0001419103400347},
isbn={972-8865-32-5},
}


in EndNote Style

TY - CONF
JO - Proceedings of the Second International Conference on e-Business and Telecommunication Networks - Volume 1: ICETE,
TI - DESIGN ISSUES FOR ELECTRONIC AUCTIONS
SN - 972-8865-32-5
AU - Trevathan J.
AU - Read W.
AU - Ghodosi H.
PY - 2005
SP - 340
EP - 347
DO - 10.5220/0001419103400347