Panic, Information and Quantity Assurance in a Pandemic

15 Pages Posted: 26 Apr 2020

See all articles by Vijay Mohan

Vijay Mohan

RMIT University

Chris Berg

RMIT University

Marta Poblet

RMIT University

Date Written: April 14, 2020

Abstract

During a pandemic or other disaster, public visibility of the supply chain can be useful for controlling the symptoms of coordination failure, such as panic and hoarding, that arise from the desire for quantity assurance by various sectors of the economy. It is also important for efficient coordination of the logistics required to tackle the disaster itself, with vital information flows to centralized agencies leading the response as well as to decentralized agents upstream and downstream in a supply chain. Publicly visible information about the supply chain at the time of a crisis needs to be secure, timely, possibly selective in terms of access and the nature of information, and often anonymous. Recent advances in distributed ledger technology allow for these characteristics to be met. Building digital infrastructure that permits visibility of the supply chain when needed (even if dormant during normal times) is essential for economies to be more resilient to black swan events.

Keywords: Pandemic, panic, hoarding, information, supply chain, coordination, quantity assurance

JEL Classification: D80, I19

Suggested Citation

Mohan, Vijay and Berg, Chris and Poblet, Marta, Panic, Information and Quantity Assurance in a Pandemic (April 14, 2020). Available at SSRN: https://ssrn.com/abstract=3575232 or http://dx.doi.org/10.2139/ssrn.3575232

Vijay Mohan (Contact Author)

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Chris Berg

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Marta Poblet

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

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