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The information about the auction is
published in the advertisement and cannot be modified by any one
including the auctioneer (because the advertisement is signed by
SAM). No one gets more information about others than any one else.
How the final result is to be distributed is also specified
in the auction specification. Hence it is fair in the sense that
no one can get more information than others without being
specified publicly.
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Adrian Perrig
Tue Jan 23 20:35:17 PST 2001