Noda, Shunya; Teramoto, Kazuhiro - In: Quantitative economics : QE ; journal of the … 15 (2024) 2, pp. 489-521
This paper analyzes panic buying of storable consumer products accompanied by disasters, using a novel consumer … trigger an upward spiral of hoarding demand and result in serious shortages. Due to congestion externalities, panic buying … reveals that the timing of recognizing the shopping‐cost rise is crucial for the severity of panic buying. Some policy options …