Relationship between Panic Buying and Per Capita Income during COVID-19
Panic buying and hoarding express common human behavior in times of crisis. Early in COVID-19, as the pandemic crisis intensified, toilet paper was one of the emblematic cases of panic buying. Using a Geographic Information System (GIS) to cross official per capita income data and real toilet paper...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-11-01
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| Series: | Sustainability |
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| Online Access: | https://www.mdpi.com/2071-1050/12/23/9968 |
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doaj-b2c7a6dac17949baaf0af3be3fbb37bc2020-11-29T00:03:26ZengMDPI AGSustainability2071-10502020-11-01129968996810.3390/su12239968Relationship between Panic Buying and Per Capita Income during COVID-19Hugo T. Y. Yoshizaki0Irineu de Brito Junior1Celso Mitsuo Hino2Larrisa Limongi Aguiar3Maria Clara Rodrigues Pinheiro4Graduate Program in Logistics Systems Engineering, São Paulo University, São Paulo 05508-010, BrazilGraduate Program in Logistics Systems Engineering, São Paulo University, São Paulo 05508-010, BrazilDepartment of Production Engineering, São Paulo University, São Paulo 05508-010, BrazilGraduate Program in Logistics Systems Engineering, São Paulo University, São Paulo 05508-010, BrazilDepartment of Production Engineering, São Paulo University, São Paulo 05508-010, BrazilPanic buying and hoarding express common human behavior in times of crisis. Early in COVID-19, as the pandemic crisis intensified, toilet paper was one of the emblematic cases of panic buying. Using a Geographic Information System (GIS) to cross official per capita income data and real toilet paper transactions obtained from groceries spread around the city of São Paulo (Brazil), this study compares sales levels during the period in which panic purchases took place to the sales levels off that period. As expected, that data disclose noticeable panic buying. Regression analysis reveals that there is a significant positive correlation between average income per capita and panic buying. The results also indicate that panic buying happens in every income class, including low-income ones and contribute to enhancing the understanding of demand behavior during periods of crisis.https://www.mdpi.com/2071-1050/12/23/9968panic buyinghoardingper capita incomevulnerabilityCOVID-19São Paulo |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Hugo T. Y. Yoshizaki Irineu de Brito Junior Celso Mitsuo Hino Larrisa Limongi Aguiar Maria Clara Rodrigues Pinheiro |
| spellingShingle |
Hugo T. Y. Yoshizaki Irineu de Brito Junior Celso Mitsuo Hino Larrisa Limongi Aguiar Maria Clara Rodrigues Pinheiro Relationship between Panic Buying and Per Capita Income during COVID-19 Sustainability panic buying hoarding per capita income vulnerability COVID-19 São Paulo |
| author_facet |
Hugo T. Y. Yoshizaki Irineu de Brito Junior Celso Mitsuo Hino Larrisa Limongi Aguiar Maria Clara Rodrigues Pinheiro |
| author_sort |
Hugo T. Y. Yoshizaki |
| title |
Relationship between Panic Buying and Per Capita Income during COVID-19 |
| title_short |
Relationship between Panic Buying and Per Capita Income during COVID-19 |
| title_full |
Relationship between Panic Buying and Per Capita Income during COVID-19 |
| title_fullStr |
Relationship between Panic Buying and Per Capita Income during COVID-19 |
| title_full_unstemmed |
Relationship between Panic Buying and Per Capita Income during COVID-19 |
| title_sort |
relationship between panic buying and per capita income during covid-19 |
| publisher |
MDPI AG |
| series |
Sustainability |
| issn |
2071-1050 |
| publishDate |
2020-11-01 |
| description |
Panic buying and hoarding express common human behavior in times of crisis. Early in COVID-19, as the pandemic crisis intensified, toilet paper was one of the emblematic cases of panic buying. Using a Geographic Information System (GIS) to cross official per capita income data and real toilet paper transactions obtained from groceries spread around the city of São Paulo (Brazil), this study compares sales levels during the period in which panic purchases took place to the sales levels off that period. As expected, that data disclose noticeable panic buying. Regression analysis reveals that there is a significant positive correlation between average income per capita and panic buying. The results also indicate that panic buying happens in every income class, including low-income ones and contribute to enhancing the understanding of demand behavior during periods of crisis. |
| topic |
panic buying hoarding per capita income vulnerability COVID-19 São Paulo |
| url |
https://www.mdpi.com/2071-1050/12/23/9968 |
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