Classification and generalisation are arguably the most important abstractions used in conceptual modelling. From a … software developer's perspective it may seem that there is a clear difference between classification and generalisation …. However, this impression is deceptive. It is indeed relatively easy to decide whether classification or generalisation - and …

In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that … insurance market individual application of classification schemes induces welfare losses due to cream skimming. Classification …