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has been cited by the following article:

• TITLE: Protective Equipment Pricing Mechanism under Dynamic Auctions

  AUTHORS: Ismail M. Abdirahman, Xu Liu, Qunpeng Hu

  KEYWORDS: Excess Demand, Protective Equipment, Dynamic Auction

  JOURNAL NAME: iBusiness, Vol.13 No.4, December 14, 2021

  ABSTRACT: The dynamic auction under the protective equipment on COVID-19 has become crucial since the outbreak in December 2019. In this study, we focus on how to remove the shortage of protective equipment of COVID-19 such as face masks, gloves, gowns, goggles, and other equipment used for the protection of the spread of the virus. The dynamic auction market meets many challenges of excess demand, so in this dynamic auction, we propose an extraction auction mechanism to achieve an optimal equilibrium. This equilibrium outcome is competitive equilibrium from the bidder’s true valuation.