Manuscript Number : IJSRSET17329
Secure Net Auction System
Authors(3) :-Asra Begum, Hajera Nikhath, Fatima Sougra
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.
Asra Begum
Internet, Net Auction, Bid, Secure
Publication Details
Published in :
Volume 3 | Issue 2 | March-April 2017 Article Preview
Computer Science and Engineering, Lords Institute of Engineering and Technology, Hyderabad, Telangana, Andhra Pradesh India
Hajera Nikhath
Computer Science and Engineering, Lords Institute of Engineering and Technology, Hyderabad, Telangana, Andhra Pradesh India
Fatima Sougra
Computer Science and Engineering, Lords Institute of Engineering and Technology, Hyderabad, Telangana, Andhra Pradesh India
Date of Publication :
2017-04-30
License: This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) :
01-04
Manuscript Number :
IJSRSET17329
Publisher : Technoscience Academy
Journal URL :
https://ijsrset.com/IJSRSET17329