Abstracts - 3rd USENIX Workshop on Electronic Commerce
Manoj Kumar and Stuart I. Feldman
IBM T.J. Watson Research Center
We describe an application for auctioning goods on
the Internet. A variety of commonly used auction mechanisms that are supported
by the application, security requirements, and pre-auction and post-auction
interactions needed to complete auction based trading are discussed. Then
we present a software architecture and describe the various processes that
comprise the auction application. Finally, we discuss how the delay, security,
and easy collaboration aspects of the Internet will cause auctions on the
Internet to be different than the traditional auctions.
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