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Secure Net Auction System

Author

Listed:
  • Asra Begum
  • Hajera Nikhath
  • Fatima Sougra

Abstract

Auctions are among the oldest economic institutions in place. They have been used since antiquity to sell a wide variety of goods, and their basic form has remained unchanged. In this dissertation, we explore the efficiency of common auctions when values are interdependent- the value to a particular bidder may depend on information available only to others-and asymmetric. In this setting, it is well known that sealed-bid auctions do not achieve efficient allocations in general since they do not allow the information held by different bidders to be shared.

Suggested Citation

  • Asra Begum & Hajera Nikhath & Fatima Sougra, 2017. "Secure Net Auction System," International Journal of Scientific Research in Science, Engineering and Technology, International Journal of Scientific Research in Science, Engineering and Technology, vol. 3(2), pages 01-04, April.
    • Handle: RePEc:ijs:ijsrse:v3:y2017:i2:id:hijsrset17329
    Note: Article URL: https://ijsrset.com/IJSRSET17329
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