The paper provides novel insights on the effect of a firm's risk management objective on the optimal design of risk transfer instruments. I analyze the interrelation between the structure of the optimal insurance contract and the firm's objective to minimize the required equity it has to hold to...

The paper provides novel insights on the effect of a firm's risk management objective on the optimal design of risk transfer instruments. I analyze the interrelation between the structure of the optimal insurance contract and the firm's objective to minimize the required equity it has to hold to...

Limited-benefit plans offer less comprehensive coverage at lower premiums because they require high deductibles, exclude coverage of some services, or both. This policy brief looks at state efforts to encourage the use of these plans as a way to provide some coverage amid escalating costs. The...