Bond percolation on infinite heavy-tailed power-law random networks lacks a proper phase transition; or one may say, there is a phase transition at {\em zero percolation probability}. Nevertheless, a finite size percolation threshold , where is the network size, can be defined. For such heavy-tailed networks, one can choose a percolation probability $q(N)=\rho q_c(N)\displaystyle \lim_{N\to \infty}(q-q_c(N)) =0\rho$ is arbitrarily large (such a scenario does not exist for networks with non-zero percolation threshold). We find that the critical behavior of random power-law networks is best described in terms of as the order parameter, rather than . This paper makes the notion of the phase transition of the size of the largest connected component at precise. In particular, using a generating function based approach, we show that for , and the power-law exponent, , the largest connected component scales as , while for the scaling is at most $\sim N^{\frac{2-\tau}{\tau}}k_{max}$, has been assumed to scale as N^{1/\tau}$. In general, our approach yields that for large , , , and , the largest connected component scales as $\sim \rho^{1/(3-\tau)}N^{1-1/\tau}$.Thus, for any fixed but large N, we recover, and make it precise, a recent result that computed a scaling behavior of for “small ”. We also provide large-scale simulation results validating some of these scaling predictions, and discuss applications of these scaling results to supporting efficient unstructured queries in peer-to-peer networks.

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