Emerging behavior in electronic bidding

Details Emerging behavior in electronic bidding Emerging behavior in electronic bidding

2003-01-27

arxiv.org/abs/cond-mat/0301513v1

Physics

Condensed Matter

Statistical Mechanics

4pages, 5figures

Scientific paper

10.1103/PhysRevE.68.016102

We characterize the statistical properties of a large number of agents on two major online auction sites. The measurements indicate that the total number of bids placed in a single category and the number of distinct auctions frequented by a given agent follow power-law distributions, implying that a few agents are responsible for a significant fraction of the total bidding activity on the online market. We find that these agents exert an un-proportional influence on the final price of the auctioned items. This domination of online auctions by an unusually active minority may be a generic feature of all online mercantile processes.

Affiliated with

Also associated with

No associations

Rating

Emerging behavior in electronic bidding does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Emerging behavior in electronic bidding, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Emerging behavior in electronic bidding will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-412557