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AVI: Three keys to combat panic buying

Yesterday eveningโ€™s panic buying has prompted the Asian Vision Institute to re-issue a commentary this morning. Supermarkets across the capital were a chaotic scene last night as people stocked up on staples ahead of the lockdown.

โ€œPanic buying is when vast amounts of people suddenly buy and stock up on household products because they are worried that something bad is going to happen,โ€ its authors said.

The commentary, originally published on March 26, said that โ€œthe intensity of peopleโ€™s demand for any one particular good is causally affected by how much other people need it simultaneouslyโ€.

The institute recommended three points to address the issue โ€“ a quota policy, guarantee scheme and active education.

Full article available: https://www.khmertimeskh.com/50839370/avi-three-keys-to-combat-panic-buying/?p=839370

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