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.
|Number of pages||5|
|Journal||Physical Review E - Statistical, Nonlinear, and Soft Matter Physics|
|Issue number||1 2|
|State||Published - Jul 2003|