additionality

Separates enterprise outcomes from investor contribution; examines counterfactuals, additionality, concessionality and risk allocation. Includes funded-loss waterfalls and grant-equivalent scenarios.

Evaluation of the additionality and targeting of EIB SME intermediated lending operations (with results pre-registered by time-stamped commit)

The additionality-based capital allocation engine from the working paper "Don't Fund Winners" (SSRN 7427359) — rule-based, reproducible, every decision on the record.