Panic buying? Food hoarding during the pandemic period with city lockdown

作     者：H.Holly WANG HAO Na H. Holly WANG;HAO Na

作者机构：School of Economics&TTGGGIGuizhou UniversityGuiyang 550025P.R.China Department of Agricultural EconomicsPurdue UniversityIN47907USA School of EconomicsBeijing Technology and Business UniversityBeijing 100084P.R.China 

出 版 物：《Journal of Integrative Agriculture》 (农业科学学报（英文版）)

年 卷 期：2020年第19卷第12期

页      面：2916-2925页

核心收录：

学科分类：04[教育学] 0402[教育学-心理学(可授教育学、理学学位）] 0710[理学-生物学] 0832[工学-食品科学与工程（可授工学、农学学位）] 040203[教育学-应用心理学] 0830[工学-环境科学与工程（可授工学、理学、农学学位）] 1004[医学-公共卫生与预防医学(可授医学、理学学位)] 0905[农学-畜牧学] 0906[农学-兽医学] 0901[农学-作物学] 0703[理学-化学] 0902[农学-园艺学] 0713[理学-生态学] 

基　　金：The authors thank the National Natural Science Foundation of China(72003008) the Social Science Funding from Beijing Municipal Education Commission,China(SM201810011002) 2017 Beijing High Level Group Building Program,China(IDHT20170505). 

主　　题：consumer hoarding behavior panic buying pandemics lockdown food hoarding 

摘      要：Food hoarding is prevalent during the COVID-19 pandemic.To investigate the mechanism of urban consumers’food hoarding behaviors,we categorize hoarding motives into rational and irrational ones.Using random online survey samples from three cities in China,we employ the multivariate probit model to investigate the rational and irrational motives on food hoarding behavior.Our results confirmed the existence of both rational and irrational food hoarding,and also found factors attributing to the different buying behaviors.The amount of food at hand and the expectation on the infection possibility of COVID-19 are two major factors affecting rational hoarding.Bad mood and herd psychology are factors contributing to panic buying.This study provides an empirical evidence to support intervention policies aiming at mitigating panic buying behavior.