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Exchange protocols are an important theoretic basis to make secure electronic commerce and electronic business transactions possible, in which the fairness is a crucial property. To ensure and verify the property, a specific model is proposed, based on the extensive game with imperfect information. Fairness is built in the protocol game and the corresponding game tree. To verify the property, a tree...
Fair exchange turns out to be an increasingly important topic due to the rapid growth of electronic commerce in daily life. In this paper, a novel model based on game theory is proposed in order to analyze fair exchange protocols. The formal description of fair exchange protocols is given, and two important properties --- non-repudiation and fairness --- are defined in this model. As an illustrating...
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