---
_id: '44091'
abstract:
- lang: eng
  text: We study the effects of product differentiation on the bundling incentives
    of a two-product retailer. Two monopolistic manufacturers each produce a differentiated
    good. One sells it to both retailers, while the other only supplies a single retailer.
    Retailers compete in prices. Retail bundling is profitable when the goods are
    close substitutes. Only then is competition so intense that the retailer uses
    bundling to relax competition both within and across product markets, despite
    an aggravation of the double marginalization problem. Our asymmetric market structure
    arises endogenously for the case of close substitutes. In this case, bundling
    reduces social welfare.
author:
- first_name: Angelika Elfriede
  full_name: Endres-Fröhlich, Angelika Elfriede
  id: '48794'
  last_name: Endres-Fröhlich
- first_name: Burkhard
  full_name: Hehenkamp, Burkhard
  id: '37339'
  last_name: Hehenkamp
- first_name: Joachim
  full_name: Heinzel, Joachim
  last_name: Heinzel
citation:
  ama: Endres-Fröhlich AE, Hehenkamp B, Heinzel J. <i>The Impact of Product Differentiation
    on Retail Bundling in a Vertical Market</i>.
  apa: Endres-Fröhlich, A. E., Hehenkamp, B., &#38; Heinzel, J. (n.d.). <i>The Impact
    of Product Differentiation on Retail Bundling in a Vertical Market</i>.
  bibtex: '@book{Endres-Fröhlich_Hehenkamp_Heinzel, title={The Impact of Product Differentiation
    on Retail Bundling in a Vertical Market}, author={Endres-Fröhlich, Angelika Elfriede
    and Hehenkamp, Burkhard and Heinzel, Joachim} }'
  chicago: Endres-Fröhlich, Angelika Elfriede, Burkhard Hehenkamp, and Joachim Heinzel.
    <i>The Impact of Product Differentiation on Retail Bundling in a Vertical Market</i>,
    n.d.
  ieee: A. E. Endres-Fröhlich, B. Hehenkamp, and J. Heinzel, <i>The Impact of Product
    Differentiation on Retail Bundling in a Vertical Market</i>. .
  mla: Endres-Fröhlich, Angelika Elfriede, et al. <i>The Impact of Product Differentiation
    on Retail Bundling in a Vertical Market</i>.
  short: A.E. Endres-Fröhlich, B. Hehenkamp, J. Heinzel, The Impact of Product Differentiation
    on Retail Bundling in a Vertical Market, n.d.
date_created: 2023-04-20T16:21:28Z
date_updated: 2023-04-20T17:15:48Z
department:
- _id: '280'
- _id: '475'
jel:
- D43
- L13
- L42
keyword:
- Retail bundling
- upstream market power
- double marginalization
- product differentiation
language:
- iso: eng
page: '43'
project:
- _id: '1'
  name: 'SFB 901: SFB 901'
- _id: '2'
  name: 'SFB 901 - A: SFB 901 - Project Area A'
- _id: '7'
  name: 'SFB 901 - A3: SFB 901 - Subproject A3'
publication_status: draft
status: public
title: The Impact of Product Differentiation on Retail Bundling in a Vertical Market
type: report
user_id: '37339'
year: '2022'
...
---
_id: '34704'
abstract:
- lang: eng
  text: One of the most powerful events in the still young 21st century is certainly
    the outbreak of the coronavirus and the following COVID-19 pandemic. Massive economic
    as well as social distress caused worldwide devastation. In Germany, not only
    stores, factories, cultural facilities were closed, but also – for the first time
    in history – schools were closed nationwide. Closed working sites and vocational
    schools, as well as working sites, which remained open due to their systemic relevance,
    led to so far unknown challenges in Germany’s vocational education system. A very
    good example are the dual apprenticeships, such as trained retail salesman, which
    were only partially affected by closures. The main goal of education policy was
    to compensate personal communication and interaction via digital media. This article’s
    main aim is to reveal the strategies vocational schools have developed to overcome
    the challenges they had to face because of the pandemic.
author:
- first_name: Christian
  full_name: Sommer, Christian
  id: '33108'
  last_name: Sommer
- first_name: Daniela
  full_name: Szczesny, Daniela
  id: '44658'
  last_name: Szczesny
citation:
  ama: 'Sommer C, Szczesny D. Organisation der dualen Berufsausbildung zum/zur Verkäufer:in
    und Kaufmann:frau im Einzelhandel im Zeichen der COVID-19-Pandemie. In: Heisler
    D, Meier JA, eds. <i>Berufsausbildung zwischen Hygienemaßnahmen und Lockdown(s).
    Folgen für die schulische und außerschulische Berufsausbildung in Schule, im Betrieb
    und bei Bildungsträgern.</i> ; 2022:329-348. doi:<a href="https://doi.org/10.3278/9783763972579">10.3278/9783763972579</a>'
  apa: Sommer, C., &#38; Szczesny, D. (2022). Organisation der dualen Berufsausbildung
    zum/zur Verkäufer:in und Kaufmann:frau im Einzelhandel im Zeichen der COVID-19-Pandemie.
    In D. Heisler &#38; J. A. Meier (Eds.), <i>Berufsausbildung zwischen Hygienemaßnahmen
    und Lockdown(s). Folgen für die schulische und außerschulische Berufsausbildung
    in Schule, im Betrieb und bei Bildungsträgern.</i> (pp. 329–348). <a href="https://doi.org/10.3278/9783763972579">https://doi.org/10.3278/9783763972579</a>
  bibtex: '@inbook{Sommer_Szczesny_2022, title={Organisation der dualen Berufsausbildung
    zum/zur Verkäufer:in und Kaufmann:frau im Einzelhandel im Zeichen der COVID-19-Pandemie.},
    DOI={<a href="https://doi.org/10.3278/9783763972579">10.3278/9783763972579</a>},
    booktitle={Berufsausbildung zwischen Hygienemaßnahmen und Lockdown(s). Folgen
    für die schulische und außerschulische Berufsausbildung in Schule, im Betrieb
    und bei Bildungsträgern.}, author={Sommer, Christian and Szczesny, Daniela}, editor={Heisler,
    Dietmar and Meier, Jörg A.}, year={2022}, pages={329–348} }'
  chicago: Sommer, Christian, and Daniela Szczesny. “Organisation der dualen Berufsausbildung
    zum/zur Verkäufer:in und Kaufmann:frau im Einzelhandel im Zeichen der COVID-19-Pandemie.”
    In <i>Berufsausbildung zwischen Hygienemaßnahmen und Lockdown(s). Folgen für die
    schulische und außerschulische Berufsausbildung in Schule, im Betrieb und bei
    Bildungsträgern.</i>, edited by Dietmar Heisler and Jörg A. Meier, 329–48, 2022.
    <a href="https://doi.org/10.3278/9783763972579">https://doi.org/10.3278/9783763972579</a>.
  ieee: C. Sommer and D. Szczesny, “Organisation der dualen Berufsausbildung zum/zur
    Verkäufer:in und Kaufmann:frau im Einzelhandel im Zeichen der COVID-19-Pandemie.,”
    in <i>Berufsausbildung zwischen Hygienemaßnahmen und Lockdown(s). Folgen für die
    schulische und außerschulische Berufsausbildung in Schule, im Betrieb und bei
    Bildungsträgern.</i>, D. Heisler and J. A. Meier, Eds. 2022, pp. 329–348.
  mla: Sommer, Christian, and Daniela Szczesny. “Organisation der dualen Berufsausbildung
    zum/zur Verkäufer:in und Kaufmann:frau im Einzelhandel im Zeichen der COVID-19-Pandemie.”
    <i>Berufsausbildung zwischen Hygienemaßnahmen und Lockdown(s). Folgen für die
    schulische und außerschulische Berufsausbildung in Schule, im Betrieb und bei
    Bildungsträgern.</i>, edited by Dietmar Heisler and Jörg A. Meier, 2022, pp. 329–48,
    doi:<a href="https://doi.org/10.3278/9783763972579">10.3278/9783763972579</a>.
  short: 'C. Sommer, D. Szczesny, in: D. Heisler, J.A. Meier (Eds.), Berufsausbildung
    zwischen Hygienemaßnahmen und Lockdown(s). Folgen für die schulische und außerschulische
    Berufsausbildung in Schule, im Betrieb und bei Bildungsträgern., 2022, pp. 329–348.'
date_created: 2022-12-21T11:45:14Z
date_updated: 2025-05-16T10:32:07Z
department:
- _id: '451'
doi: 10.3278/9783763972579
editor:
- first_name: Dietmar
  full_name: Heisler, Dietmar
  last_name: Heisler
- first_name: Jörg A.
  full_name: Meier, Jörg A.
  last_name: Meier
keyword:
- COVID-19
- Digitalization
- Vocational education and training
- Retail
language:
- iso: ger
main_file_link:
- url: https://library.oapen.org/handle/20.500.12657/57970
page: 329-348
publication: Berufsausbildung zwischen Hygienemaßnahmen und Lockdown(s). Folgen für
  die schulische und außerschulische Berufsausbildung in Schule, im Betrieb und bei
  Bildungsträgern.
publication_status: published
quality_controlled: '1'
status: public
title: Organisation der dualen Berufsausbildung zum/zur Verkäufer:in und Kaufmann:frau
  im Einzelhandel im Zeichen der COVID-19-Pandemie.
type: book_chapter
user_id: '33108'
year: '2022'
...
---
_id: '22205'
abstract:
- lang: eng
  text: In January 2021, the GameStop stock was the epicenter of the first case of
    predatory trading initiated by retail investors. We use brokerage accounts to
    study who participated in this GameStop frenzy and how they performed. We investigate
    the extent to which investors’ personal and trading characteristics differ from
    the general population of retail investors. GameStop traders had a history of
    investing in speculative instruments, including stocks with lottery-like features.
    They were also more likely to close their positions before the peak of the bubble.
    At the onset of the frenzy, numerous retail investors also shorted GameStop. Overall,
    our results indicate that the GameStop frenzy was not a pure digital protest against
    Wall Street but speculative trading by a group of retail investors, in line with
    their prior high-risk trading behavior.
article_number: '102140'
article_type: original
author:
- first_name: Tim
  full_name: Hasso, Tim
  last_name: Hasso
- first_name: Daniel
  full_name: Müller, Daniel
  id: '50569'
  last_name: Müller
- first_name: Matthias
  full_name: Pelster, Matthias
  id: '67265'
  last_name: Pelster
  orcid: ' https://orcid.org/0000-0001-5740-2420'
- first_name: Sonja
  full_name: Warkulat, Sonja
  id: '67243'
  last_name: Warkulat
citation:
  ama: Hasso T, Müller D, Pelster M, Warkulat S. Who participated in the GameStop
    frenzy? Evidence from brokerage accounts. <i>Finance Research Letters</i>. doi:<a
    href="https://doi.org/10.1016/j.frl.2021.102140">10.1016/j.frl.2021.102140</a>
  apa: Hasso, T., Müller, D., Pelster, M., &#38; Warkulat, S. (n.d.). Who participated
    in the GameStop frenzy? Evidence from brokerage accounts. <i>Finance Research
    Letters</i>. <a href="https://doi.org/10.1016/j.frl.2021.102140">https://doi.org/10.1016/j.frl.2021.102140</a>
  bibtex: '@article{Hasso_Müller_Pelster_Warkulat, title={Who participated in the
    GameStop frenzy? Evidence from brokerage accounts}, DOI={<a href="https://doi.org/10.1016/j.frl.2021.102140">10.1016/j.frl.2021.102140</a>},
    number={102140}, journal={Finance Research Letters}, author={Hasso, Tim and Müller,
    Daniel and Pelster, Matthias and Warkulat, Sonja} }'
  chicago: Hasso, Tim, Daniel Müller, Matthias Pelster, and Sonja Warkulat. “Who Participated
    in the GameStop Frenzy? Evidence from Brokerage Accounts.” <i>Finance Research
    Letters</i>, n.d. <a href="https://doi.org/10.1016/j.frl.2021.102140">https://doi.org/10.1016/j.frl.2021.102140</a>.
  ieee: T. Hasso, D. Müller, M. Pelster, and S. Warkulat, “Who participated in the
    GameStop frenzy? Evidence from brokerage accounts,” <i>Finance Research Letters</i>.
  mla: Hasso, Tim, et al. “Who Participated in the GameStop Frenzy? Evidence from
    Brokerage Accounts.” <i>Finance Research Letters</i>, 102140, doi:<a href="https://doi.org/10.1016/j.frl.2021.102140">10.1016/j.frl.2021.102140</a>.
  short: T. Hasso, D. Müller, M. Pelster, S. Warkulat, Finance Research Letters (n.d.).
date_created: 2021-05-14T11:55:12Z
date_updated: 2022-01-06T06:55:29Z
department:
- _id: '186'
- _id: '578'
doi: 10.1016/j.frl.2021.102140
jel:
- G11
keyword:
- Predatory Trading
- Retail Investors
- Trading Behavior
language:
- iso: eng
main_file_link:
- url: https://doi.org/10.1016/j.frl.2021.102140
publication: Finance Research Letters
publication_status: accepted
quality_controlled: '1'
related_material:
  link:
  - relation: research_paper
    url: https://doi.org/10.1016/j.frl.2021.102140
status: public
title: Who participated in the GameStop frenzy? Evidence from brokerage accounts
type: journal_article
user_id: '67265'
year: '2021'
...
---
_id: '25029'
abstract:
- lang: eng
  text: In early 2021, the finance world was taken by storm by the dramatic price
    surge of the GameStop Corp. stock. This rise is being, at least in part, attributed
    to a group of Redditors belonging to the now-famous r/wallstreetbets (WSB) subreddit
    group. In this work, we set out to address if user activity on the WSB subreddit
    is associated with the trading volume of the GME stock. Leveraging a unique dataset
    containing more than 4.9 million WSB posts and comments, we assert that user activity
    is associated with the trading volume of the GameStop stock. We further show that
    posts have a significantly higher predictive power than comments and are especially
    helpful for predicting unusually high trading volume. Lastly, as recent events
    have shown, we believe that these findings have implications for retail and institutional
    investors, trading platforms, and policymakers, as these can have disruptive potential.
author:
- first_name: Matthew
  full_name: Caron, Matthew
  id: '60721'
  last_name: Caron
- first_name: Maryna
  full_name: Gulenko, Maryna
  id: '64226'
  last_name: Gulenko
- first_name: Oliver
  full_name: Müller, Oliver
  id: '72849'
  last_name: Müller
citation:
  ama: 'Caron M, Gulenko M, Müller O. To the Moon! Analyzing the Community of “Degenerates”
    Engaged in the Surge of the GME Stock. In: <i>42nd International Conference on
    Information Systems (ICIS 2021)</i>. ; 2021.'
  apa: Caron, M., Gulenko, M., &#38; Müller, O. (2021). To the Moon! Analyzing the
    Community of “Degenerates” Engaged in the Surge of the GME Stock. <i>42nd International
    Conference on Information Systems (ICIS 2021)</i>. 42nd International Conference
    on Information Systems (ICIS 2021), Austin, Texas.
  bibtex: '@inproceedings{Caron_Gulenko_Müller_2021, title={To the Moon! Analyzing
    the Community of “Degenerates” Engaged in the Surge of the GME Stock}, booktitle={42nd
    International Conference on Information Systems (ICIS 2021)}, author={Caron, Matthew
    and Gulenko, Maryna and Müller, Oliver}, year={2021} }'
  chicago: Caron, Matthew, Maryna Gulenko, and Oliver Müller. “To the Moon! Analyzing
    the Community of ‘Degenerates’ Engaged in the Surge of the GME Stock.” In <i>42nd
    International Conference on Information Systems (ICIS 2021)</i>, 2021.
  ieee: M. Caron, M. Gulenko, and O. Müller, “To the Moon! Analyzing the Community
    of ‘Degenerates’ Engaged in the Surge of the GME Stock,” presented at the 42nd
    International Conference on Information Systems (ICIS 2021), Austin, Texas, 2021.
  mla: Caron, Matthew, et al. “To the Moon! Analyzing the Community of ‘Degenerates’
    Engaged in the Surge of the GME Stock.” <i>42nd International Conference on Information
    Systems (ICIS 2021)</i>, 2021.
  short: 'M. Caron, M. Gulenko, O. Müller, in: 42nd International Conference on Information
    Systems (ICIS 2021), 2021.'
conference:
  end_date: 2021-12-15
  location: Austin, Texas
  name: 42nd International Conference on Information Systems (ICIS 2021)
  start_date: 2021-12-12
date_created: 2021-09-24T09:51:35Z
date_updated: 2023-02-28T08:58:16Z
department:
- _id: '196'
keyword:
- Retail investors
- GameStop
- Social Networks
- Reddit
- WallStreetBets
language:
- iso: eng
main_file_link:
- url: https://aisel.aisnet.org/icis2021/social_media/social_media/13/
publication: 42nd International Conference on Information Systems (ICIS 2021)
publication_status: published
status: public
title: To the Moon! Analyzing the Community of “Degenerates” Engaged in the Surge
  of the GME Stock
type: conference
user_id: '60721'
year: '2021'
...
---
_id: '16285'
abstract:
- lang: eng
  text: To  decide  in  which  part  of  town to  open  stores,  high  street  retailers
    consult  statistical  data  on  customers  and  cities,  but  they  cannot  analyze  their
    customers’  shopping  behavior  and  geospatial  features  of  a  city  due  to  missing
    data.  While  previous  research  has  proposed  recommendation  systems  and
    decision  aids  that  address  this  type  of  decision  problem –  including  factory
    location  and  assortment  planning –  there  currently  is no design  knowledge
    available  to  prescribe  the  design  of  city  center  area  recommendation  systems
    (CCARS).   We   set   out   to   design   a   software   prototype   considering   local
    customers’  shopping  interests  and  geospatial  data  on  their  shopping  trips  for
    retail site selection.  With real data on 500 customers and 1,100 shopping trips,
    we demonstrate and evaluate our IT artifact. Our results illustrate how retailers
    and public town center managers can use CCARS for spatial location selection,
    growing retailers’ profits and a city center’s attractiveness for its citizens.
author:
- first_name: Philipp
  full_name: zur Heiden, Philipp
  id: '64394'
  last_name: zur Heiden
- first_name: Carsten Ingo
  full_name: Berendes, Carsten Ingo
  id: '53344'
  last_name: Berendes
- first_name: Daniel
  full_name: Beverungen, Daniel
  id: '59677'
  last_name: Beverungen
citation:
  ama: 'zur Heiden P, Berendes CI, Beverungen D. Designing City Center Area Recommendation
    Systems . In: <i>Proceedings of the 15th International Conference on Wirtschaftsinformatik</i>.
    Potsdam; 2020. doi:<a href="https://doi.org/doi.org/10.30844/wi_2020_e1-heiden">doi.org/10.30844/wi_2020_e1-heiden</a>'
  apa: zur Heiden, P., Berendes, C. I., &#38; Beverungen, D. (2020). Designing City
    Center Area Recommendation Systems . In <i>Proceedings of the 15th International
    Conference on Wirtschaftsinformatik</i>. Potsdam. <a href="https://doi.org/doi.org/10.30844/wi_2020_e1-heiden">https://doi.org/doi.org/10.30844/wi_2020_e1-heiden</a>
  bibtex: '@inproceedings{zur Heiden_Berendes_Beverungen_2020, place={Potsdam}, title={Designing
    City Center Area Recommendation Systems }, DOI={<a href="https://doi.org/doi.org/10.30844/wi_2020_e1-heiden">doi.org/10.30844/wi_2020_e1-heiden</a>},
    booktitle={Proceedings of the 15th International Conference on Wirtschaftsinformatik},
    author={zur Heiden, Philipp and Berendes, Carsten Ingo and Beverungen, Daniel},
    year={2020} }'
  chicago: Heiden, Philipp zur, Carsten Ingo Berendes, and Daniel Beverungen. “Designing
    City Center Area Recommendation Systems .” In <i>Proceedings of the 15th International
    Conference on Wirtschaftsinformatik</i>. Potsdam, 2020. <a href="https://doi.org/doi.org/10.30844/wi_2020_e1-heiden">https://doi.org/doi.org/10.30844/wi_2020_e1-heiden</a>.
  ieee: P. zur Heiden, C. I. Berendes, and D. Beverungen, “Designing City Center Area
    Recommendation Systems ,” in <i>Proceedings of the 15th International Conference
    on Wirtschaftsinformatik</i>, Potsdam, 2020.
  mla: zur Heiden, Philipp, et al. “Designing City Center Area Recommendation Systems
    .” <i>Proceedings of the 15th International Conference on Wirtschaftsinformatik</i>,
    2020, doi:<a href="https://doi.org/doi.org/10.30844/wi_2020_e1-heiden">doi.org/10.30844/wi_2020_e1-heiden</a>.
  short: 'P. zur Heiden, C.I. Berendes, D. Beverungen, in: Proceedings of the 15th
    International Conference on Wirtschaftsinformatik, Potsdam, 2020.'
conference:
  end_date: 2020-03-11
  location: Potsdam
  name: 15th International Conference on Wirtschaftsinformatik
  start_date: 2020-03-07
date_created: 2020-03-13T07:05:24Z
date_updated: 2022-01-06T06:52:48Z
ddc:
- '000'
department:
- _id: '526'
doi: doi.org/10.30844/wi_2020_e1-heiden
file:
- access_level: closed
  content_type: application/pdf
  creator: pzh
  date_created: 2020-03-13T06:58:54Z
  date_updated: 2020-03-13T06:58:54Z
  file_id: '16286'
  file_name: E1_City_recommendations_Master_final.pdf
  file_size: 1370273
  relation: main_file
  success: 1
file_date_updated: 2020-03-13T06:58:54Z
has_accepted_license: '1'
keyword:
- Town Center Management
- High Street Retail
- Recommender Systems
- Geospatial Recommendations
- Design Science Research
language:
- iso: eng
main_file_link:
- open_access: '1'
  url: https://library.gito.de/open-access-pdf/E1_City_recommendations_Master_final.pdf
oa: '1'
place: Potsdam
project:
- _id: '35'
  grant_number: ​02K15A073
  name: ​Interaktive Einkaufserlebnisse in Innenstädten durch digitale Dienstleistungen
publication: Proceedings of the 15th International Conference on Wirtschaftsinformatik
publication_status: published
quality_controlled: '1'
status: public
title: 'Designing City Center Area Recommendation Systems '
type: conference
user_id: '64394'
year: '2020'
...
---
_id: '10332'
abstract:
- lang: eng
  text: We analyze the incentives for retail bundling and the welfare effects of retail
    bundling in a decentralized distribution channel with two retailers and two monopolistic
    manufacturers. One manufacturer exclusively sells his good to one retailer, whereas
    the other manufacturer sells his good to both retailers. Thus, one retailer is
    a monopolist for one product but competes with the other retailer in the second
    product market. The two-product retailer has the option to bundle his goods or
    to sell them separately. We find that bundling aggravates the double marginalization
    problem for the bundling retailer. Nevertheless, when the retailers compete in
    prices, bundling can be more profitable than separate selling for the retailer
    as bundling softens the retail competition. The ultimate outcome depends on the
    manufacturers’ marginal costs. Given retail quantity competition, however, bundling
    is in no case the retailer’s best strategy. Furthermore, we show that profitable
    bundling reduces consumer and producer surplus in the equilibrium.
author:
- first_name: Joachim Maria Josef
  full_name: Heinzel, Joachim Maria Josef
  id: '53445'
  last_name: Heinzel
citation:
  ama: 'Heinzel JMJ. <i>Bundling in a Distribution Channel with Retail Competition</i>.
    Paderborn University: CIE Working Paper Series; 2019.'
  apa: 'Heinzel, J. M. J. (2019). <i>Bundling in a Distribution Channel with Retail
    Competition</i>. Paderborn University: CIE Working Paper Series.'
  bibtex: '@book{Heinzel_2019, place={Paderborn University}, title={Bundling in a
    Distribution Channel with Retail Competition}, publisher={CIE Working Paper Series},
    author={Heinzel, Joachim Maria Josef}, year={2019} }'
  chicago: 'Heinzel, Joachim Maria Josef. <i>Bundling in a Distribution Channel with
    Retail Competition</i>. Paderborn University: CIE Working Paper Series, 2019.'
  ieee: 'J. M. J. Heinzel, <i>Bundling in a Distribution Channel with Retail Competition</i>.
    Paderborn University: CIE Working Paper Series, 2019.'
  mla: Heinzel, Joachim Maria Josef. <i>Bundling in a Distribution Channel with Retail
    Competition</i>. CIE Working Paper Series, 2019.
  short: J.M.J. Heinzel, Bundling in a Distribution Channel with Retail Competition,
    CIE Working Paper Series, Paderborn University, 2019.
date_created: 2019-06-28T08:42:49Z
date_updated: 2022-01-06T06:50:37Z
ddc:
- '330'
department:
- _id: '280'
- _id: '475'
file:
- access_level: closed
  content_type: application/pdf
  creator: jheinzel
  date_created: 2019-06-28T08:44:52Z
  date_updated: 2019-06-28T08:44:52Z
  file_id: '10333'
  file_name: WP120.pdf
  file_size: 375054
  relation: main_file
  success: 1
file_date_updated: 2019-06-28T08:44:52Z
has_accepted_license: '1'
keyword:
- retail bundling
- leverage theory
- double marginalization
language:
- iso: eng
place: Paderborn University
project:
- _id: '1'
  name: SFB 901
- _id: '2'
  name: SFB 901 - Project Area A
- _id: '7'
  name: SFB 901 - Subproject A3
publisher: CIE Working Paper Series
status: public
title: Bundling in a Distribution Channel with Retail Competition
type: report
user_id: '53445'
year: '2019'
...
---
_id: '4873'
abstract:
- lang: eng
  text: 'Banks face a ''behavioralization'' of their balance sheets since deposit
    funding increasingly consists of non-maturing deposits with uncertain cash flows
    exposing banks to asset liability (ALM) risk. Thus, this study examines the behavior
    of banks’ retail customers regarding non-maturing deposits. Our unique sample
    comprises the contract and cash flow data for 2.2 million individual contracts
    from 1991 to 2010. We find that contractual rewards, i.e., qualified interest
    payments, and government subsidies, effectively stabilize saving behavior and
    thus bank funding. The probability of an early deposit withdrawal decreases by
    approximately 40%, and cash flow volatility drops by about 25%. Our findings provide
    important insights for banks using pricing incentives to steer desired saving
    patterns for their non-maturing deposit portfolios. Finally, these results are
    informative regarding the bank liquidity regulations (Basel III) concerning the
    stability of deposits and the minimum requirements for risk management (European
    Commission DIRECTIVE 2006/48/EC). '
article_type: original
author:
- first_name: Tobias
  full_name: Schlueter, Tobias
  last_name: Schlueter
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
- first_name: Thomas
  full_name: Hartmann-Wendels, Thomas
  last_name: Hartmann-Wendels
citation:
  ama: Schlueter T, Sievers S, Hartmann-Wendels T. Bank funding stability, pricing
    strategies and the guidance of depositors. <i>Journal of Banking &#38; Finance
    (VHB-JOURQUAL 4 Ranking A)</i>. 2015;51:43-61. doi:<a href="https://doi.org/10.2139/ssrn.2001449">10.2139/ssrn.2001449</a>
  apa: Schlueter, T., Sievers, S., &#38; Hartmann-Wendels, T. (2015). Bank funding
    stability, pricing strategies and the guidance of depositors. <i>Journal of Banking
    &#38; Finance (VHB-JOURQUAL 4 Ranking A)</i>, <i>51</i>, 43–61. <a href="https://doi.org/10.2139/ssrn.2001449">https://doi.org/10.2139/ssrn.2001449</a>
  bibtex: '@article{Schlueter_Sievers_Hartmann-Wendels_2015, title={Bank funding stability,
    pricing strategies and the guidance of depositors}, volume={51}, DOI={<a href="https://doi.org/10.2139/ssrn.2001449">10.2139/ssrn.2001449</a>},
    journal={Journal of Banking &#38; Finance (VHB-JOURQUAL 4 Ranking A)}, author={Schlueter,
    Tobias and Sievers, Sönke and Hartmann-Wendels, Thomas}, year={2015}, pages={43–61}
    }'
  chicago: 'Schlueter, Tobias, Sönke Sievers, and Thomas Hartmann-Wendels. “Bank Funding
    Stability, Pricing Strategies and the Guidance of Depositors.” <i>Journal of Banking
    &#38; Finance (VHB-JOURQUAL 4 Ranking A)</i> 51 (2015): 43–61. <a href="https://doi.org/10.2139/ssrn.2001449">https://doi.org/10.2139/ssrn.2001449</a>.'
  ieee: 'T. Schlueter, S. Sievers, and T. Hartmann-Wendels, “Bank funding stability,
    pricing strategies and the guidance of depositors,” <i>Journal of Banking &#38;
    Finance (VHB-JOURQUAL 4 Ranking A)</i>, vol. 51, pp. 43–61, 2015, doi: <a href="https://doi.org/10.2139/ssrn.2001449">10.2139/ssrn.2001449</a>.'
  mla: Schlueter, Tobias, et al. “Bank Funding Stability, Pricing Strategies and the
    Guidance of Depositors.” <i>Journal of Banking &#38; Finance (VHB-JOURQUAL 4 Ranking
    A)</i>, vol. 51, 2015, pp. 43–61, doi:<a href="https://doi.org/10.2139/ssrn.2001449">10.2139/ssrn.2001449</a>.
  short: T. Schlueter, S. Sievers, T. Hartmann-Wendels, Journal of Banking &#38; Finance
    (VHB-JOURQUAL 4 Ranking A) 51 (2015) 43–61.
date_created: 2018-10-26T07:08:32Z
date_updated: 2026-04-09T08:14:22Z
department:
- _id: '275'
doi: 10.2139/ssrn.2001449
intvolume: '        51'
jel:
- G01
- G21
- G28
keyword:
- retail saving behavior
- non-maturing deposits
- deposit funding
- contractual rewards
- interest rate bonus
- saving persistence
- cash flow volatility
language:
- iso: eng
main_file_link:
- url: https://www.sciencedirect.com/science/article/pii/S0378426614003380
page: 43-61
publication: Journal of Banking & Finance (VHB-JOURQUAL 4 Ranking A)
publication_status: published
quality_controlled: '1'
status: public
title: Bank funding stability, pricing strategies and the guidance of depositors
type: journal_article
user_id: '115848'
volume: 51
year: '2015'
...
