2012/06/01 by Frantisek Slanina, FRANTIŠEK SLANINA · 2 citations
Decision Sciences · Economics, Econometrics and Finance · Physics and Astronomy · #Auction Theory and Applications #Common value auction #Complex Systems and Time Series Analysis #Distribution (mathematics) #Fractal #Interval (graph theory) #Scale (ratio) #Series (stratigraphy) #Stochastic processes and financial applications #Time series #physics.soc-ph #q-fin.ST
paper · pdf · doi:10.1142/s0219525912500531
published in Advances in Complex Systems 15(supp01), 1250053 (World Scientific)
openalex publication_date 2012/06/01 · arxiv created 2014/01/13 · arxiv updated 2014/01/14 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05
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.