Emergency management practitioners struggle to justify investments in “contingent capabilities:” backup systems, surge capacity, and strategic reserves that provide value only during disasters.

Real Options Analysis (ROA) is an innovative framework that applies financial option theory to real-life investment decisions, thereby providing a dynamic method for evaluating projects under ...

Maintenance of a real option to produce gas-to-electricity offshore provides a compelling argument to make potential investments in a new generation of production technologies that we call “FGSO” ...

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 ...