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Complex Temporal Structure Of Activity In On-Line Electronic Auctions

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  • FRANTIŠEK SLANINA

    (Institute of Physics, Academy of Sciences of the Czech Republic, Na Slovance 2, CZ-18221 Praha, Czech Republic)

Abstract

We analyze empirical data from the internet auction site Aukro.cz. The time series of activity shows truncated fractal structure on scales from about 1 min to about 1 day. The distribution of waiting times as well as the distribution of number of auctions within fixed interval is a power law, with exponents 1.5 and 3, respectively. Possible implications for the modeling of stock-market fluctuations are briefly discussed.

Suggested Citation

  • František Slanina, 2012. "Complex Temporal Structure Of Activity In On-Line Electronic Auctions," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 15(supp0), pages 1-11.
    • Handle: RePEc:wsi:acsxxx:v:15:y:2012:i:supp0:n:s0219525912500531
    DOI: 10.1142/S0219525912500531
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    References listed on IDEAS

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    1. Bouchaud,Jean-Philippe & Potters,Marc, 2003. "Theory of Financial Risk and Derivative Pricing," Cambridge Books, Cambridge University Press, number 9780521819169, September.
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