13 June 2008
Panic buying
Rob Fisher

Drivers of fuel tankers start a four day strike today.  Motorists are being warned not to “panic buy”.  Panic buying is perfectly rational behaviour:  a given individual is more likely to get fuel if they join in than if they abstain.

This strike is about pay rather than tax and only affects Shell.  Will people understand this or will they stock up on fuel regardless?

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