Behavioural Perspectives of Panic Buying

Shoib, Sheikh; Arafat, S.M. Yasir

doi:10.1007/978-3-030-70726-2_1

Cited by 15 publications

(9 citation statements)

References 32 publications

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“…This indicates the need for greater collaborative research across disciplines to inform understanding and prevention of panic buying behavior. Panic buying as a reactionary consumer behavior has a long history [1]. However, our findings clearly suggest that research on this phenomenon has proliferated exponentially following the onset of the COVID-19 pandemic.…”

Section: Discussionmentioning

confidence: 70%

“…Panic buying as a reactionary consumer behavior has a long history [ 1 ]. However, our findings clearly suggest that research on this phenomenon has proliferated exponentially following the onset of the COVID-19 pandemic.…”

Section: Discussionmentioning

confidence: 99%

“…Panic buying is a behavioral event of buying things in larger quantities than usual, driven by fear and panic during the crisis period such as pandemics and public health emergencies [1,2]. Although panic buying has a longer history, it becomes a profound phenomenon recently during the COVID-19 pandemic [3][4][5].…”

Section: Introductionmentioning

confidence: 99%

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Panic buying research: A bibliometric review

Arafat¹,

Kar

Singh

et al. 2022

Nepal J Epidemiology

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Background: Panic buying has been reported during a period of crisis when people buy an extra amount of essential commodities and hoard them anticipating their future utility. As a newer entity, a bibliometric analysis would reveal the research gaps for further studies. We aimed to do a bibliometric analysis of researches published on panic buying over the past two decades. Methods: A literature search was conducted in the SCOPUS database using the keyword “panic buying”. All published research in the English language between 1st January 2001 to 1st August 2021 was included in the analysis of this study. Results: We identified a total of 142 articles on panic buying published over the past two decades. There is an exponential increase in the publication on this topic during the COVID-19 pandemic (n=127). Majority of the articles were published from the United States (n=23), followed by the United Kingdom (n=20), and China (n=20). The Frontiers in Public Health and Journal of Retailing and Consumer Services published the highest number of articles (eight each). Arafat SMY published the highest number of publications as a single author (n=10) and Enam Medical College and Hospital, Bangladesh has the highest number of papers as an institution (n=10). Among all the publishers, Elsevier has published the maximum number of papers (n=38). Conclusion: There is an exponential growth of panic buying research during 2020-21. The global crisis of the COVID-19 pandemic has been attributed to the recent rise in panic buying research.

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Section: Discussionmentioning

confidence: 70%

Section: Discussionmentioning

confidence: 99%

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Panic buying research: A bibliometric review

Arafat¹,

Kar

Singh

et al. 2022

Nepal J Epidemiology

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“…They highlight four major themes: perception of threat and scarcity, fear of the unknown, inability to control, and the dynamics of a person's social network. Also, Dholakia (2020) believes that stockpiling is a response to having negative feelings of anxiety and fear of losing control. As a result, individuals try to compensate for this insecurity by overstocking their daily necessities, giving them a sense of security and reducing the underlying uncertainty.…”

Section: Related Literature Reviewmentioning

confidence: 99%

COVID‐19 and consumer behavior: Food stockpiling in the U.S. market

Baba

Fakih

2022

Agribusiness

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The emergence of the COVID‐19 pandemic has brought radical changes in consumer spending patterns. One aspect of this change is food stockpiling detected in several countries. Using a univariate probit model, this paper relies on the COVID‐19 Impact Survey (2020) for American households to assess the likelihood of consumers stockpiling food in response to the stringent lockdown measures imposed by the government's pandemic regulations. Our findings reveal a set of significant correlations between marital status, age, race, occupation, household structure, and the propensity of stockpiling food during the pandemic. Furthermore, the results show that residents in urban areas are more likely to engage in food stockpiling compared with residents in rural and suburban areas. The paper also examines the nexus between residence areas, lockdown measures, and the probability of stockpiling food. This research reveals a significant association between psychological factors and the likelihood of stockpiling food in response to the COVID‐19 pandemic [EconLit Citations: D12, H12, I18, P25].

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“…On the other hand, Dammeyer with a different viewpoint explained that people with less conscientiousness are more likely to have impulsive behaviors, break the rules, and make extra shopping in a disaster situation ( 21 ). Defective coping strategies such as maladaptive behaviors to reduce anxiety and control the environment cause panic buying ( 22 ). Singh et al with a sociological perspective stated that a high level of social distrust can motivate people to take individual actions and panic buying, and it causes people to buy more than their essential share and leave nothing for others ( 23 ).…”

Section: Introductionmentioning

confidence: 99%

Factors Affecting Panic Buying during COVID-19 Outbreak and Strategies: A Scoping Review

Motamed-Jahromi

Meshkani

Mosavi-Negad

et al. 2021

ijph

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Background: This study aimed to assess factors affecting panic buying and strategies to deal with them during COVID-19 with a scoping review. Method: The review was performed based on Arksey and O’Malley. PubMed, Embase, Scopus, ProQuest, and Science Direct databases were selected to search. All English language full-text articles from Jan 2020 to May 2021 were included. Initially, the titles and abstracts of the retrieved articles were read and screening was accomplished based on the research question. After that, the full text of eligible studies was examined. A third reviewer was resolved disagreements at any stage by a consensus meeting. A self-assessment form was designed for data extraction. The causes of panic buying were assessed as a descriptive study. Results: The search process returned 23 articles after deletion for complete data extraction and analysis. Through thematic analysis, the factors influencing panic buying were divided into six categories including cognitive, emotional, behavioral, social, and economic factors as well as government action, and finally, the recommended strategies were categorized in two categories included psychosocial and economic. Conclusion: A holistic view of panic buying’s causes allows planners and decision-makers to design categorized strategies beyond the suggested strategies. Increasing customer awareness and monitoring the flow of information through social media and mass media, psychotherapy, counseling, and economic strategies are considered by planners to combat panic buying.

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Behavioural Perspectives of Panic Buying

Cited by 15 publications

References 32 publications

Panic buying research: A bibliometric review

Panic buying research: A bibliometric review

COVID‐19 and consumer behavior: Food stockpiling in the U.S. market

Factors Affecting Panic Buying during COVID-19 Outbreak and Strategies: A Scoping Review

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