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. 2023 Jan:84:103472.
doi: 10.1016/j.ijdrr.2022.103472. Epub 2022 Nov 30.

The impact of paid social Q&A on panic buying and digital hoarding at the stage of coexistence with COVID-19: The moderating role of sensitivity to pain of payment

Yajuan Wang  1   2   3   4 , Austin Shijun Ding  5 , Chonghuan Xu  1   2   3   4
Affiliations

The impact of paid social Q&A on panic buying and digital hoarding at the stage of coexistence with COVID-19: The moderating role of sensitivity to pain of payment

Yajuan Wang et al. Int J Disaster Risk Reduct. 2023 Jan.

Abstract

The worldwide disaster caused by COVID-19 and its variants has changed the behavior and psychology of consumers. Panic buying and hoarding of various commodities continue to emerge in our daily life. Meanwhile, many scholars have focused on the causes of panic buying and hoarding of physical products like daily necessities and food during the outbreak of COVID-19. In fact, the phenomenon of panic buying and digital hoarding of paid social Q&A and other digital content products is very prominent, both in the outbreak period of COVID-19 epidemic and the current coexistence stage. However, the existing literature lacks empirical research to explore this phenomenon, and the psychological mechanism behind it has not been clearly revealed. Therefore, at the current stage of coexistence with COVID-19, based on the SOBC framework, we developed a theoretical model and explored the causes of panic buying and digital hoarding in paid social Q&A. The data collected from 863 paid social Q&A users in China are empirically tested. The results show that the characteristics of paid social Q&A (usefulness, ease of use, professionalism and value) can cause emotional contagion among platform users, activate their willingness to pay, and finally lead to digital hoarding and panic buying behavior of COVID-19 co-existence stage. In addition, the sensitivity to pain of payment moderates the relationship between emotional contagion and willingness to pay. Compared with the spendthrifts, the tightwads are more willing to pay. The conclusions will have positive significance for improving the retail service of digital content platform and promoting the consumption of digital content.

Keywords: Digital hoarding; Emotional contagion; Paid social Q&A; Panic buying; Sensitivity to pain of payment.

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Conflict of interest statement

The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.

Figures

Fig. 1
Fig. 1
The Research model.
Fig. 2
Fig. 2
Structural analysis results. Note: Standardized coefficients. Numbers in parentheses are standard errors. *p < 0.05, **p < 0.01, ***p < 0.001.
Fig. 3
Fig. 3
The Moderating effect of Sensitivity to Pain of Payment on the relationship between EC and WTP.
See this image and copyright information in PMC

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