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.

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