Abstract
Panic buying (PB) during disasters is a global phenomenon, though underresearched. However, with the COVID-19 pandemic, it has gained prominence because of its adverse consequences. It has a reciprocal relationship with crises, i.e., it occurs during crises and can lead to the worsening of problems. PB can have different characteristics according to the type of disaster. The proposed models to understand the underlying mechanism of the PB include the causal model, cognitive model, model-driven causal factors, stimulus-organism-response and dual-system theory model, ABC model concerning social media information and compulsive PB, cultural dimension model, etc. Understanding the determinants of this behavior can help predict, prevent, and manage this condition, thus having public health and welfare implications during crises. This chapter intends to highlight the significant disasters and associated PB behavior, how PB behavior can affect disaster management, and the underlying mechanism of PB and its determinants.
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Gupta, S., Kumar, A., Jain, J. (2022). Panic Buying and Its Intrinsic Connection to Disaster. In: Arafat, S.Y., Kumar Kar, S., Kabir, R. (eds) Panic Buying and Environmental Disasters. Springer, Cham. https://doi.org/10.1007/978-3-031-10278-3_3
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