Kifmann, Mathias - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2005
-based premiums are allowed with respect to complementary insurance. In this paper, the Swiss integration approach is compared to the … separation approach. It is shown that under the integration approach insurers creamskim by selling complementary insurance to low … risks at a discount. Nevertheless, the integration approach can be Pareto-superior if the cost savings due to the …