Bit-Slice Auction Circuit
In this paper, we introduce a bit-slice approach for auctions and present a more efficient circuit than the normal approach for the highest-price auction. Our circuit can be combined with any auction protocol based on general circuit evaluation. Especially, if we combine with the mix and match technique, then we can obtain a highest-price auction protocol which is at least seven times faster. A second-price auction protocol is also easily constructed from our circuit.