Emerging behavior in electronic bidding

I. Yang; H. Jeong; B. Kahng; A. L. Barabási

Emerging behavior in electronic bidding

I. Yang
, H. Jeong
, B. Kahng
, A. L. Barabási

Department of Physics

Research output: Contribution to journal › Article › peer-review

21 Scopus citations

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
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

Cite this

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title = "Emerging behavior in electronic bidding",

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.",

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AB - 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.

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JF - Physical Review E - Statistical, Nonlinear, and Soft Matter Physics

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Emerging behavior in electronic bidding

Abstract

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