2020
DOI: 10.1007/s12571-020-01092-1
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Consumer food stockpiling behavior and willingness to pay for food reserves in COVID-19

Abstract: Consumer behavior changes differently in emergencies. Understanding consumer food stockpiling behavior during COVID-19 pandemic can provide critical information for governments and policymakers to adjust inventory and response strategies. This paper analyzed consumer food stockpiling behavior, including the change of food reserve scale and willingness to pay for fresh food reserves in COVID-19. Our paper shows that the scale of food reserve extends from 3.37 to 7.37 days after the outbreak of COVID-19; if avai… Show more

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Cited by 179 publications
(166 citation statements)
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References 27 publications
(34 reference statements)
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“…Our findings suggest that men's risk preferences are more likely to change than those of women, and men become less risk averse in response to a negative shock, despite their already low level of risk aversion. While previous studies show that men are less risk averse than women (level), 5 to the best of our knowledge, ours is the first study that documents gender differences in the susceptibility of risk preferences and their direction to a negative shock (changes) in a non-laboratory setting.…”
Section: Do Risk Preferences Change? Evidence From the Greatmentioning
confidence: 56%
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“…Our findings suggest that men's risk preferences are more likely to change than those of women, and men become less risk averse in response to a negative shock, despite their already low level of risk aversion. While previous studies show that men are less risk averse than women (level), 5 to the best of our knowledge, ours is the first study that documents gender differences in the susceptibility of risk preferences and their direction to a negative shock (changes) in a non-laboratory setting.…”
Section: Do Risk Preferences Change? Evidence From the Greatmentioning
confidence: 56%
“…Seismic intensity Table 3 confirms our findings in the figures. Table 3 summarizes the estimates for running specification (5) in which the outcome is the transformed price. Note that a negative coefficient implies a decrease in the risk aversion as the intensity of the Earthquake increases.…”
Section: A Short-term Effects On Risk Preferencesmentioning
confidence: 99%
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