Foreword -- Acknowledgements -- Readers' guide -- Introduction -- Editor's bios -- Dealing with complexity in development evaluation : a framework -- Complexity in development evaluation : the framework of the book / Michael Bamberger, Jos Vaessen and Estelle Raimondo -- Towards more...

The valuation of multi-staged pharmaceutical R&D can be interpreted as a chain of real options. In valuing these compound option models, a crucial problem is how to deal with the different types of risk. Previous models, such as Cassimon et al. (2004), offer a closed-form solution for the...

Developing countries have recently proved reluctant to participate in sovereign debt moratoria and debt relief initiatives. We argue that debtors' (non-)participation decisions can be understood through the lens of real options. Eligible countries compare the net benefits of participating in a...