Valuing multistage investment projects in the pharmaceutical industry

Valuing American Options by Simulation: A Simple Least-Squares Approach

Francis A. Longstaff, Eduardo S. Schwartz · Review of Financial Studies · 2001 · 3.3K citations

Option Pricing, Economics, Computational Finance +15

Innovation in the pharmaceutical industry: New estimates of R&D costs

Joseph A. DiMasi, Henry G. Grabowski, Ronald W. Hansen · Journal of Health Economics · 2016 · 3.1K citations

Economics, Pharmaceutical Innovation, Health Economics +11

The valuation of compound options

Robert Geske · Journal of Financial Economics · 1979 · 1.1K citations

Option Pricing, Economics, Compound Options +7

Time to build, option value, and investment decisions

Saman Majd, Robert S. Pindyck · Journal of Financial Economics · 1987 · 929 citations

Investment Strategy, Option Pricing, Asset Pricing +7

Valuation and Return Dynamics of New Ventures

Jonathan Berk, Richard C. Green, Vasant Naik · Review of Financial Studies · 2003 · 330 citations