Applied Economics Letters 14(3), pp. 157-161.
ISSN/ISBN: 1350-4851 DOI: 10.1080/13504850500425667
Abstract: We show that certain winning bids for certain eBay auctions obey Benford’s Law. One implication of this is that it is unlikely that these bids are subjected to collusion among bidders, or ‘shilling’ on the part of sellers. Parenthetically, we also show that numbers from the naturally occurring Fibonacci and Lucas sequences also obey Benford’s Law.
Bibtex:
@article {,
AUTHOR = {David E. A. Giles},
TITLE = {Benford's law and naturally occurring prices in certain eBay auctions},
JOURNAL = {Applied Economics Letters},
YEAR = {2007},
VOLUME = {14},
NUMBER = {3},
PAGES = {157--161},
DOI = {10.1080/13504850500425667},
URL = {https://www.tandfonline.com/doi/abs/10.1080/13504850500425667},
}
Reference Type: Journal Article
Subject Area(s): Economics