Complex temporal structure of activity in on-line electronic auctions
Statistical Finance
2014-01-14 v1 Physics and Society
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 minute 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 and , respectively. Possible implications for the modeling of stock-market fluctuations are briefly discussed.
Keywords
Cite
@article{arxiv.1401.2860,
title = {Complex temporal structure of activity in on-line electronic auctions},
author = {Frantisek Slanina},
journal= {arXiv preprint arXiv:1401.2860},
year = {2014}
}