Much of the prominent literature describing behavior in eBay-like marketplaces emphasizes the successful use of “sniping” agents that wait until the last moments of an auction to bid (truthfully) on behalf of a human user. These agents fare well against “naïve” agents (typically assumed...

This research uses functional data modelling to study the price formation process of online auctions. It conceptualizes the price curve and its first and second derivatives(velocity and acceleration respectively) as the primary objects of interest. Together these three functional objects permit...