Abstract
The statistical properties of a large number of agents on two major online auction sites were characterized. It was shown that the total number of bids placed in a single category and the number of distinct auctions follow power-law distributions. Results also showed that these agents exert an unproportional influence on the final price of the auctioned items.
Original language | English |
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Article number | 016102 |
Pages (from-to) | 161021-161025 |
Number of pages | 5 |
Journal | Physical Review E - Statistical, Nonlinear, and Soft Matter Physics |
Volume | 68 |
Issue number | 1 2 |
State | Published - Jul 2003 |